Trusts

Allows individuals to make charitable donations to their chosen organization and receive tax deductions and benefits.

Is created by a last will and testament.

A trust that cannot be changed without permission from the beneficiaries of the trust.

Are trusts utilized by individuals to shelter assets and ease the process of transferring property and assets to beneficiaries.

• Quicker and potentially cheaper process to move assets to beneficiaries after death.
• Some trusts can provide tax benefits.

• Large initial cash outlay, generally more expensive to do a living trust than a will.
• Requires the assistance of an Attorney.