Planning the Future & Protecting Your Family
One of the principal tools used in estate planning today is the Revocable Living Trust. In fact, more than half of individuals now uses a Revocable Living Trust in lieu of a Will to provide for the transfer of their assets at death. In addition, married couples often use a Trust to shelter the husband’s and the wife’s individual $625,000 Unified Federal Estate Tax Credit equivalent in order that these assets will not be taxed in the estate of the survivor.
Finally, a Trust is one of the best planning techniques used for disability planning. By naming an individual or corporate “successor” trustee, the trustee can manage the affairs of the individual in the event of disability or incapacity. But a Revocable Living Trust is a dangerous place for retirement benefits.