Hunt & Associates P.C.

Feb 23, 2011

Fraudulent Transfers and Irrevocable Living Trusts

The use of trusts in estate planning is a common way for individuals during their lifetime to transfer assets to their children and grandchildren.  Generally, a trust can be established for any lawful reason.  An individual may establish a trust to avoid probate, to reduce potential estate tax liability, to provide for the special needs of a disabled child or grandchild, or to fund a child or grandchild’s education.  Other individuals utilize trusts for nefarious … Read more