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New Horizons
Think Freedom
Living Trust
A Living Trust can also help you Protect your Assets and your heirs if at any time you feel unable to handle your affairs.
Key Aspects of a Living Trust
Key Aspects Of A Living Trust
Grantor
The Person who Creates the Trust and Transfers their property into it. The grantor can also be the Trustee or the Beneficiary
Trustee
The person or entity who manages the Trust Property for the benefit of the beneficiaries. The Trustee must follow the terms of the Trust as Established by the Grantor
Beneficiary
The Person or entity who receives the benefit of the Trust Property.
Revocable or Irrevocable
Living Trusts can be either Revocable or Irrevocable.
Revocable Trusts can be changed at any time, while Irrevocable Trusts cannot be amended or Revoked. Irrevocable Trusts offer protection from certain creditors and Estate Taxes.
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