Types of Trusts
West Palm Beach Trusts Attorney
Trusts can serve a number of different purposes when planning an estate. A trust can exempt certain kinds of assets from taxation and Medicaid eligibility calculations while allocating funds for health care needs; the education of children or grandchildren; or the support of charities and public causes. At the law office of Craig F. Snyder, P.A., we work closely with clients in creating trusts tailored-made to meet their unique estate planning needs. In this regard, Mr. Snyder discusses the pros and cons of the various types of trusts appropriate for your situation.
A few types of trust are:
- Revocable (living) trust
- Special Needs Trust (SNT)
- Insurance Trust (ILIT)
- Charitable Remainder Trust (CRT)
- Grantor Retained Annuity Trust (GRAT)
- Qualified Personal Residence Trust (QPRT)
- Defective Grantor Trusts (IDIGIT)
Trusts are powerful estate planning tools that can help you secure your loved ones’ financial security. To schedule an appointment and discuss how we can help you, contact trust attorney Craig F. Snyder today.
Need Additional Information? Contact Craig F. Snyder Today
There are tax issues and legal concerns that must be addressed when establishing a trust. As your attorney, Mr. Snyder discusses these with you, making sure you have the information you need to determine what is in your best interest. If you would like more information regarding trusts and how we can help you, contact estate planning lawyer Craig F. Snyder today.