Assets, trust funds & your estate are part your plan.
Together, trust and estate planning are tools that can help to minimize estate taxes when thought of as part of an overall plan for your beneficiaries.
The benefits of a trust can include better control of your wealth, privacy, and protection of your legacy. Depending on your situation, it can get confusing and overwhelming. There are a number of different types of trust: from marital to life, charitable, generation-skipping, as well as revocable and irrevocable trusts.
Understanding the differences is an important aspect in your wealth management planning and the gifting of your assets. GR Reid is here to help.