Bypass or credit shelter trust: Like a marital trust, married couples establish this type of trust to reduce or eliminate the estate tax for heirs.
Or, you can have your trust fund managed by a corporate trustee or trust company.
Trust funds — Frequently asked questions (FAQs)Can anyone set up a trust fund?
However, remember that trust funds involve high fees, so only folks able to afford these expenses should open a trust fund.
How long a trust fund lasts depends on the terms of trust.
Persons:
Jaime Eckels, Plante Moran, Totten, grantors, Grantor, Cash, You'll, There's
Organizations:
Plante Moran Financial Advisors
Locations:
Chevron