The top ten reasons why we offer Superior: Statutory Basis. The Ultra Trust® irrevocable trust is supported by state and federal statutes all across the U.S. Laws supporting the Ultra Trust®. Trust Flexibility. The terms, conditions, and beneficiaries of the Ultra Trust® can be changed, and the assets can be returned to you without any cost or tax effect, at any time. Asset-Type Flexibility. When executed...
What do you mean, I Shouldn’t be the Trustee of “my own” Irrevocable Trust? Have no discretion as the trustee with regard to trust asset distributions. Being trustee of your own trust can undo what the purpose of the irrevocable trust should be doing; this is, protecting your assets. We understand the confusion. Some lawyer told you that you could be your “own trustee.” At Estate Street...
First, a trust is a contract that names a trustee to manage any assets owned by the trust. A grantor (aka settlor) gives something to another person with contractual instructions as to what they can and cannot do with the property. Put simply, the grantor is giving an item to another person to hold for them until certain events occur. The trustee does not own the assets,...
