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...
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...
