SOP2407. Trust Is Like The Air We Breathe

Trusts are an important tool for estate planning. They can expedite the distribution of assets, maintain privacy, and provide greater control and flexibility over how your assets are managed. They can also offer asset protection, facilitate charitable giving, and help minimize estate taxes for your family members. This presentation will provide an overview of the various types of trusts, including both revocable and irrevocable trusts.

Learning Objectives:

• Identify the parties involved with a trust - settlor, trustee and beneficiary.
• Distinguish the different types of trusts and the purposes for which they are formed.