Estate Planning Reviews
Advanced Trust Based Planning Services
Advanced Trust-Based Planning encompasses various types of trusts and strategies tailored to meet more complex estate planning needs. These trusts are used for a range of purposes, from asset protection and tax benefits to special care for beneficiaries.
Do it for you them peace of mind today peace of mind tomorrow
Advanced Trust-Based Planning Pricing
Schedule your 1-on-1 Advanced Trust Based Planning Strategy
Fill out the form below
Select your appointment time
Pay for the $50 consulting fee
Show up for your online appointment & enjoy the extra peace of mind
Advanced Trust Based Planning FAQs
Advanced Trust-Based Planning involves creating legal arrangements where a trustee holds and manages assets on behalf of beneficiaries, offering benefits like asset protection, tax efficiency, and smooth succession.
In South Carolina, a Revocable Living Trust can be altered or revoked by the trustor during their lifetime, whereas an Irrevocable Trust generally cannot be changed once established, providing different levels of asset protection and tax implications.
Trusts can offer various tax benefits, including minimizing estate taxes, avoiding probate taxes, and in some cases, reducing income taxes. The specifics depend on the type of trust and individual circumstances.
Certain types of trusts, like Asset Protection Trusts, can shield your assets from creditors and legal judgments, but the level of protection varies based on the trust structure and state laws.
Trust-Based Planning can be instrumental in Medicaid Planning by legally protecting your assets, ensuring eligibility for Medicaid benefits while preserving wealth for your beneficiaries.
A Special Needs Trust is designed to provide financial support to a beneficiary with disabilities without affecting their eligibility for government benefits. It’s ideal for families with members requiring long-term special care.
A Charitable Remainder Trust allows you to receive income from your assets for a period, with the remaining assets going to a designated charity, offering tax benefits and supporting philanthropic goals.
A Trustee is responsible for managing the trust assets according to the trust terms, including making investment decisions, distributing assets to beneficiaries, and ensuring legal compliance.
A Spendthrift Trust restricts a beneficiary’s access to trust funds, protecting the assets from being squandered or claimed by creditors, and ensuring long-term financial stability for the beneficiary.
This depends on the type of trust. Revocable trusts can be altered or revoked, but irrevocable trusts are generally not changeable. Specific circumstances and state laws will dictate what modifications are possible.
Estate Planning Review
Already have a will?
Contact us today for an end-of-year review.
Advanced Trust Based Planning Advisors
Meet Your Estate
Learn more about managing attorney Trey Nantz and attorney Carolyn Suhocki.