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Affadavit Regarding Resident of Trust Form

Affadavit Regarding Resident of Trust Form

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one of the most powerful tools that we can offer for our clients to generate a lot of value is a beneficiary controlled trust what is that well when somebody dies you can leave their property to them in a trust like let's say you want to create a trust fund it with your stuff and leave it to your kids when you die many states allow you to have the child's share continue in trust for the rest of their life and you can set up this trust in such a way that it's anet protected so if they get divorced it doesn't go with their divorcing spouse if they file bankruptcy it doesn't become part of the bankruptcy estate if they get sued and they have a judgment creditor coming after them it's not exposed to any of those sorts of things and yet we can still structure it in such a way that there are no income tax implications they don't have to file a separate tax return they can keep it very simple when managing their estate it's basic

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