Trusts can bolster your personal financial plans

Description

Abstract: When it comes to personal planning, trusts can be a useful tool for affluent individuals and families. But, with a wide variety of trusts available, it can be difficult to determine which type of trust is best to use in certain situations. This article briefly explains four popular trust types and their special purposes: Delaware statutory trusts, qualified terminable interest property trusts, intentionally defective grantor trusts and charitable remainder trusts.