The following is an illustration of how this type of document works.
With the advice of her attorney, Terri decided to create a revocable living trust with a financial institution serving as the trustee. Since her husband passed away, she felt overwhelmed managing her assets and wanted professional help. She also wanted to make sure her estate passed on to her loved ones quickly and she could keep her estate plan private.
She'll receive an income for life from the assets she transfers into the trust, plus she can request any additional amounts on top of the income. Terri created the trust to distribute the balance of the assets to her son and three grandchildren at her death, as well as two charities that are close to her heart.
Did you know?
You can modify your revocable living trust or even cancel it whenever you want. Restrictions that turn out to be impractical can be changed or dropped.
Terri's Revocable Trust Gives Her...
If you'd like to learn more about including SAE Foundation in your living trust or other estate plans, please contact Lori Gatmaitan at 248-273-2480 or email@example.com.
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The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.