types of trusts Tag Archives

the experts at Phelps LaClair can advise you on the advantages of a revocable vs. irrevocable trust

07 Jul Revocable vs. Irrevocable Living Trust

Posted at 08:59h in Asset Protection, Estate Planning, Irrevocable Trusts, Living Trusts, Living Will by Phelps LaClair Law

A trust is a valuable tool for asset protection, and each type of trust has its own unique advantages. Before we can establish which trust is best for you. It may be confusing or difficult to picture what life will look like for your loved...

types of trusts - front view of a large stone house

18 Aug Types of Trusts Used in Estate Planning

Posted at 11:51h in Estate Planning, IRA Inheritance Trust, Living Trusts, Special Needs Trust, Veterans Asset Protection Trust by Phelps LaClair Law

There are many kinds of trusts, and sorting through which one is right for your estate plan can feel a little like trying to figure out the best car to buy among the more than 240 models available in the United States. Fortunately, there are...

04 Mar Wills vs. Trusts: Which One Do I Need?

Posted at 08:20h in Living Trusts, Wills by Phelps LaClair Law

Planning for the future is a crucial aspect of responsible adulthood. Deciding how to distribute your estate after you’re gone can give you peace of mind about the future. Two common tools for achieving this goal are wills and trusts—but which one is right for...

25 Apr Which Type of Trust Is Right for Your Estate Plan?

Posted at 11:28h in Uncategorized by Phelps LaClair Law

Including a trust in your estate plan will keep your assets safe until your loved ones inherit them. There are many types of trusts to choose from, and understanding which kind of trust you need may seem overwhelming. The estate planning experts at Phelps LaClair...

12 Sep What Is a CRT and When Would I Use It?

Posted at 12:31h in Estate Planning by Phelps LaClair Law

Are you curious about a charitable remainder trust (CRT) distribution or how it relates to estate planning? Learning more about estate planning vehicles like irrevocable trusts and charitable remainder trusts will help you select the right ones for your situation. We’ll cover those topics here and...

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