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Testamentary Trust Explained

Testamentary Trust

A testamentary trust is set up by a will. The key is that testamentary trusts are given their life after a probate of a will. The will then funds those trusts, which are then deemed testamentary trusts. A testamentary trust is set-up by the testator (aka settlor, grantor, or trustor) through a will-based estate plan…

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Types Of Trusts

Types of Trusts

Information about the many different types of trusts to consider during your estate planning process is below, with links to more detailed explanations and articles. The type of trust(s) you set-up will be based on your unique set of circumstances, so it is best to determine your planning priorities before you determine a type of…

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Types Of Trusts

Types of Trusts

Information about the many different types of trusts to consider during your estate planning process is below, with links to more detailed explanations and articles. The type of trust(s) you set-up will be based on your unique set of circumstances, so it is best to determine your planning priorities before you determine a type of…

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Indiana and Congress Just Revolutionized Estate Planning

In Spring 2013, Governor Pence signed legislation that eliminated Indiana’s inheritance tax. Earlier in 2013, the US government approved a $5.25 million federal estate exemption with “portability”. Portability means that on the first spouses’ death, the estate can file a return that transfers any unused portion of the first spouse’s exemption to the surviving spouse.…

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