Uses of Trusts in Estate Planning - Stewart McKelvey
Uses of Trusts in Estate Planning - Stewart McKelvey
Uses of Trusts in Estate Planning - Stewart McKelvey
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Alter Ego and Jo<strong>in</strong>t Partner <strong>Trusts</strong><br />
• Assets pass under the trust, not the will<br />
• Can be considered a “will substitute”<br />
• Protects aga<strong>in</strong>st <strong>in</strong>capacity<br />
• Substitute trustees ma<strong>in</strong>ta<strong>in</strong> cont<strong>in</strong>uity <strong>of</strong><br />
• Substitute trustees ma<strong>in</strong>ta<strong>in</strong> cont<strong>in</strong>uity <strong>of</strong><br />
adm<strong>in</strong>istration <strong>of</strong> trust assets if settlor<br />
becomes <strong>in</strong>competent