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trust terminology

Trust Terminology Part 3: Several Ways to Trust

August 21, 2009

This year, I provided you with a kind of “cheat sheet” that explained some basic Trust terminology, followed by a second article that defined an Irrevocable Life Insurance Trust (ILIT), a Qualified Terminable Interest Trust (QTIP), and an Intentionally Defective Grantor Trust (IDGT). This is the third installment in our series on basic trust terminology. [...]

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Just Legalese for Tax Sheltering? Trust Terminology Part II

May 1, 2009

On behalf of the nation’s community of lawyers, allow me to apologize for all the cryptic acronyms we’ve developed for various kinds of Trusts. I recently provided you with a kind of “cheat sheet” that explained some basic Trust terminology. This entry is the second installment in that series. The goal is for you to [...]

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What the Heck Does That Mean? — Basic Trust Terminology

April 16, 2009

One of the most awkward things in life to admit is: “I don’t know what that word means.” This can be especially true when meeting with an attorney – a professional you are now paying to explain basic terms when you’d rather be paying him or her to accomplish important goals for your family. Before [...]

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trust terminology