Can a Person with Life Interest Sell the Property?

Can a Person with Life Interest Sell the Property?

When planning your estate, you may come across various types of wills and trusts designed to protect your assets and ensure they are distributed according to your wishes. One such arrangement is a life interest trust will. This type of trust can be particularly useful...
What is a Protective Trust?

What is a Protective Trust?

Before we dive into Protective Trusts, let’s take a moment to understand what trusts are and their role in estate planning. Simply put, a trust is a legal arrangement where one party (the settlor) transfers assets to another party (the trustee) to hold and...
What is a Flexible Interest in Possession Trust?

What is a Flexible Interest in Possession Trust?

Like other trusts, a Flexible Interest in Possession Trust (FIPT) holds and manages assets for the benefit of designated beneficiaries. However, what sets it apart is its unique flexibility in asset distribution and beneficiary entitlements. The key purpose of an FIPT...