Concluding our short series on trusts, here are what you might think of as “niche” trusts. You don’t see them very often but if you have a need to solve, these might give you some food for thought. Specific Purpose Trusts There are some trusts created for specific purposes rather than for the benefit of …
Category: Wills and Trusts
Trusts and What They Are – Part Three
Part Two ended with comments about Irrevocable Life Insurance Trusts. Here is a continuation of those thoughts. Again, my thanks to Richard M. White, Esq. here in Gainesville for providing the necessary resources for this overview... Private Trusts Most trusts are private trusts. In addition to those commonly encountered, there are many that have very …
Trusts and What They Are – Part Two
In Part One we ended talking about Revocable Family Trusts and what they are. Continuing that conversation, the next step is... Asset Protection for Trust Beneficiaries A revocable trust provides no asset protection for the trust maker during his or her life. Upon the death of the trust maker, however, or upon the death of …
Trusts and What They Are – Part One
Many thanks to Richard M. White, a friend and colleague who is an expert on Wills and Trusts. He is an expert estate planning attorney with an office in Haile Plantation here is Gainesville. He has given me material over the years from which I have drawn conclusions that will be helpful to the general …
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