Trusts are the Swiss army knife of estate planning-they are versatile tools that can be used to achieve many different goals. But with some many types of trust, they can be difficult to understand how they work. Join elder law and estate planning expert Harry S. Margolis, author of The Baby Boomers Guide to Trusts: Your All-Purpose Estate Planning Tool, for a review of the many questions trust grantors, beneficiaries and trustees have, including:
- What distributions can you or must you make?
- How is the trust taxed?
- What fees may the trustee charge?
- Who has a right to accounts?
- How can a trust help you meet your tax, asset protection, and long-term care planning goals?