Happy heirs – An inheritor’s trust allows loved ones to both enjoy your assets and protect them
Abstract: When creating an estate plan, it’s important to consider how estate taxes will affect heirs who ultimately will receive the assets. Why? Because, when they take possession of the assets, the property becomes part of their own taxable estates. To avoid this outcome, they can have the assets pass into an inheritor’s trust. This article shows how the trust can protect assets from creditor claims and realize wealth building opportunities. It also explains what’s involved in setting up and maintaining the trust.