TRUSTS

An integral part of estate tax planning is understanding the intricacies of Trusts.

Trusts can be an essential financial management tool for some people. Trusts do not benefit everyone.

Years ago, many Trusts were established mainly for tax reduction purposes ... today, however, most income tax benefits are gone.



When required, we prepare the Trust Tax returns of our clients.

Trusts — Lake Ridge, VA — Cayere & Cayere CPAs

A Trust is a legal document that should be created with the assistance of an estate tax attorney. A word of caution ... not all attorneys are estate tax attorneys.


A Trust is an agreement under which a person places assets under the Trust's name (the grantor), designates a person (or persons) to manage the assets (the trustee), for the benefit of someone (the beneficiary or beneficiaries).


There are generally two classes of Trusts: revocable (the grantor can change and terminate the Trust) and irrevocable (the grantor cannot modify or terminate the Trust). You probably have heard of many different types of trusts ... they all fall within these two classes.

Share by: