What Happens to a Trust After Death?

Trusts are a common, yet diverse, estate planning tool. There are trusts for different purposes, with different terms and provisions. Some trusts, called testamentary trusts, are created by the settlor’s Will after his or her death. But many trusts are established during the lifetime of the settlor. When you consider establishing a trust, it’s important to know what happens to a trust after the death of the Read More

Lifetime QTIP Trusts and Your Second Marriage

Diane was a successful business owner with three children from her first marriage. Jack, a car salesman, was father to two children from his first marriage. When they found love the second time around, they realized it was time to update their estate plans to meet the needs of their blended family. Their goals were slightly different, though. Diane, the wealthier of the two, lived at a higher standard of living than Read More