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  • Advantages of trusts

    A trust is a legal entity that is created for the purpose of transferring property to a trustee for the benefit of a third person (beneficiary). The trustee manages the property for the beneficiary according to the terms specified in the trust document.

  • How a grantor retained income trust (GRIT) works
  • How an irrevocable trust protects assets
  • Spousal Lifetime Access Trust (SLAT)

    So, you are thinking about making a large gift that is sheltered from gift tax by the applicable exclusion amount. However, you have concerns about losing access to the gifted property or its income; you might not need it now, but what if things change and you do need it later? If you are married, one possible solution might be a spousal lifetime access trust (SLAT).


Money Doctor Q&As