Eternal Legacy Trust The Perpetual Legacy Trust Estate Asset Education Information |
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The Eternal Legacy Trust or "Perpetual Trust" for the Affluent Wishing an Eternal Gifting Legacy |
Pros and Cons of Trusts
Benefits of Trusts
Avoids Probate: Transfers assets quickly and privately
Frees grantor from managing assets
Provides income and funding for survivors
Revocable Trust
Grantor retains the right to end the trust or change terms during lifetime
Does not provide shelter from federal or estate taxes
Irrevocable Trust
Grantor cannot change terms once instituted
Used to reduce estate taxes
Can be perpetual
Stirpes verses per capita
This area for Estate
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Comparison Model of the Deferred Sales Trust (DST) versus a Charitable Remainder Trust (CRT)
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