What is a trust and how does it differ from a will?

A trust is a legal arrangement in which (the trustee) holds assets for the benefit of another (the beneficiary). Unlike a will, which is a directive for how assets are distributed after death, a trust can be used to manage assets during a person’s lifetime & after death, potentially avoiding probate

How do I fund a trust, and what assets can be placed in it?

Funding a trust involves transferring ownership of assets (such as real estate, bank accounts, or investments) into the name of the trust. We’ll cover the process of funding your trust and how to ensure the trust has the assets necessary to fulfill its purpose.

How do trusts help with estate tax planning in Delaware?

Certain types of trusts, such as irrevocable life insurance trusts, can be used to reduce estate taxes by removing assets from your taxable estate. Delaware has its own estate tax laws, and we will discuss strategies for minimizing estate taxes through trust planning.

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Trusts Uncovered – An Essential Tool for Protecting Assets

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