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Fin Plan Mar 2014 - "Exotic Trusts for Specific Needs"

Fin Plan Mar 2014 - "Exotic Trusts for Specific Needs"

Fin Plan Mar 2014 - "Exotic Trusts for Specific Needs"

Excerpt


Exotic Trusts for Specific Needs


There are two basic types of trusts: Living trusts and testamentary trusts. A living trust can be either revocable or irrevocable, and is set up during the person’s lifetime. A testamentary trust is set up in a will and established only after the person’s death when the will goes into effect.



 


 


 



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