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...
A Flexible Interest in Possession Trust: What Is It? 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...
