Evaluating Your Estate Plan: Trusts as an Estate Planning Tool

Melissa O'Rourke and Kelvin Leibold ( May, 2014 )

Summary

The trust is a very useful and flexible tool for estate planning. Yet it is probably the most underused estate management technique. A trust is an artificial being, something like a corporation, created by a document or instrument. A trust requires four basic elements - trustee, trust property, trust document and known or discernible beneficiaries.

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Organization

Iowa State University Extension

Publisher

Iowa State University

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1334

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Written Material