Trust Planning and Administration

Creating a trust into which you place your assets is an excellent, tax-efficient way to distribute your assets after death. As an added benefit, it allows the grantor (the person setting up the trust) to control how and when his or her assets are disposed of after his or her death.  A trust will typically bring in a third party, the trustee, to administer and manage your estate according to a written plan and agreement for the benefit of the trust beneficiaries. These parties are typically family members or friends.


A trust is a good option when:

  • Your children are minor or disabled;
  • You want to protect your assets and qualify for Medicaid benefits;
  • You are in a second marriage and want to provide for both your spouse and children from your prior marriage;
  • You want to protect your child’s inheritance from divorce;
  • You want to protect your assets for a child that is not good with money;
  • Your beneficiary may have a substance abuse problem;
  • You intend to disinherit someone that is your lineal descendant;
  • You believe someone may contest your will;
  • You have a business and cannot afford the delay of the probate court’s involvement;
  • You want to lower or extinguish federal and state estate taxes