Depending on the complexity of your estate, we may need to involve other professionals to maximize the benefit you are seeking. There are a variety of other estate planning tools that can be used which include:

  • Asset Management Trust (Spendthrift)
  • Beneficiary Trust
  • Buy/Sell Agreement
  • Catastrophic Illness Trust
  • Charitable Remainder Trust
  • Children’s Trust (Regular or Special Needs)
  • Family Catastrophic Illness Trust
  • Family Limited Partnership
  • Generation Skipping Trusts
  • Gift Trust
  • Insurance Preservation Trust (ILIT)
  • Insurance Preservation Trust - Spousal Support (ILIT)
  • IRA/Qualified Plan Trust or IRA Q-TIP Trust
  • IRA Trust for Roth IRA
  • Qualified Personal Residence Trust (QPRT)

There devices have specific benefits in certain situations. They can protect you against certain risks or concerns in a very economical fashion. Though the raw cost of some these devices can seem substantial, a quick comparison of the overall benefit to your estate will show that their true cost is a mere fraction of the benefit that they provide.