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Can a Living Trust
Include Spendthrift
Protections?
Efficient Versatility

 

LAW FIRM or

MARK S.  EGHRARI

& ASSOCIATES PLLC
Elder Law and Estate Planning
A wide range ef people could benefit
from a living trust

MA13I; <  EGHRARI

Elder Law and Estate Planning
In fact,  living trusts are one of the

most popular estate planning tools

out there,  because of the efficiency
and vers...
No Worries

 

LAW FIRM OF

MARK S.  EGHRARI

& ASSOCIATES PLLC
Elder Law and Estate Planning
You don't have to worry about losing
control of assets that you convey
into a living trust

MA13I§ EGHRARI

Elder Law and ...
As the creator of the trust,  you can
act as the trustee and the
beneficiary whle you are alive

MA13I§il$§EGHRARI

Elder ...
These trusts are revocable,  so you
could dissolve the trust completely
if you ever choose to do so

MA13I; <  EGHRARI

El...
I
You name a successor trustee and
successor beneficiaries to assume
these roles after you are gone

MA13I§§§EGHRARI

Elder ...
The trustee would be empowered to
distribute assets outside of probate

MA13I; <  EGHRARI

Elder Law and Estate Planning
A will would be admitted to probate, 
and this process is time-consuming
and potentially expensive

MA13I§ EGHRARI

Elder ...
Trust Declaration

 

LAW FIRM OF

MARK S.  EGHRARI

& ASSOCIATES PLLC
Elder Law and Estate Planning
When you establish the trust,  you
create a trust declaration

MA13I§S§EGHRARI

Elder Law and Estate Planning
In this document,  you can leave
behind instructions that the trustee
would be compelled to follow after

your passing

MA...
Spendthrift Protections

 

LAW IR F

M 0
MARK S.  GHRARI
& ASSOCIATES PLLC

Elder Law and Estate Planning
You are not required to allow for
lump sum distributions when you
have a living trust

MA13I§ EGHRARI

Elder Law and Estat...
In the trust declaration,  you can
include spendthrift protections

MA13I§§§EGHRARI

Elder Law and Estate Planning
Measured Distributions

 

LAW FIRM OF

MARK S.  EGHRARI

& ASSOCIATES PLLC
Elder Law and Estate Planning
To provide an example,  let's say
that you have appreciable assets in
the trust

MA131§A§; El¢HRAR1

Elder Law and Estate ...
You could instruct the trustee to
distribute the earnings to the
beneficiary on a monthly basis

MAB1§ EGHRARI

Elder Law ...
This would keep the principal intact

L. - l’II<. I III
MARK S.  EGHRARI
& / S. '()(’l. ll. S P!  l ('

E/ dm Lam and Esta...
‘ ‘  ’ '93.;  ". _

       

  

Trustee Discretion

’ ‘o -
‘.   .  1.- ‘i

1‘;  I4
5"

I ~ I

.  - .  . .  I.
Using our example with regard to
monthly distributions,  you could give
the trustee the discretion to
distribute pofcions ...
Perhaps you could allow for larger
“bonus” distributions when the
beneficiary reaches certain age

thresholds

MA131§A§; E...
Learn More About Living Trusts

LAW FIRM OF
MARK S EGHRARI
& Asso TES PLLC
Elder Law an

CIA
d Estate Planning
If the possibility of creating a living
trust interests you,  our firm can help

MA13I§ EGHRARI

Elder Law and Estate Plan...
/' -V. 
. / ‘J '/ I
.  . ‘ ‘ ’ re;  ‘
E.  v
I ‘.  A.  _ ‘,5 - . *- . -' 

' l ' " I' ‘.  V.  . ’
'1 'I_  I )

We oer no ob...
Click to visit
myestatep| an. com

:3-
, 
l".  l1l'I. ! Ht

MARK S.  EGHRARI

Contact Information

50 Karl Avenue, 
Suite ...
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Can A Living Trust Include Spendthrift Protection

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In fact, living trusts are one of the most popular estate planning tools out there, because of the efficiency and versatility they provide. Learn more about living trust in this presentation.

Published in: Law
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Can A Living Trust Include Spendthrift Protection

  1. 1. Can a Living Trust Include Spendthrift Protections?
  2. 2. Efficient Versatility LAW FIRM or MARK S. EGHRARI & ASSOCIATES PLLC Elder Law and Estate Planning
  3. 3. A wide range ef people could benefit from a living trust MA13I; < EGHRARI Elder Law and Estate Planning
  4. 4. In fact, living trusts are one of the most popular estate planning tools out there, because of the efficiency and versatility they provide MA13I; < EGHRARI Elder Law and Estate Planning
  5. 5. No Worries LAW FIRM OF MARK S. EGHRARI & ASSOCIATES PLLC Elder Law and Estate Planning
  6. 6. You don't have to worry about losing control of assets that you convey into a living trust MA13I§ EGHRARI Elder Law and Estate Planning
  7. 7. As the creator of the trust, you can act as the trustee and the beneficiary whle you are alive MA13I§il$§EGHRARI Elder Law and Estate Planning
  8. 8. These trusts are revocable, so you could dissolve the trust completely if you ever choose to do so MA13I; < EGHRARI Elder Law and Estate Planning
  9. 9. I
  10. 10. You name a successor trustee and successor beneficiaries to assume these roles after you are gone MA13I§§§EGHRARI Elder Law and Estate Planning
  11. 11. The trustee would be empowered to distribute assets outside of probate MA13I; < EGHRARI Elder Law and Estate Planning
  12. 12. A will would be admitted to probate, and this process is time-consuming and potentially expensive MA13I§ EGHRARI Elder Law and Estate Planning
  13. 13. Trust Declaration LAW FIRM OF MARK S. EGHRARI & ASSOCIATES PLLC Elder Law and Estate Planning
  14. 14. When you establish the trust, you create a trust declaration MA13I§S§EGHRARI Elder Law and Estate Planning
  15. 15. In this document, you can leave behind instructions that the trustee would be compelled to follow after your passing MA13I§§§EGHRARI Elder Law and Estate Planning
  16. 16. Spendthrift Protections LAW IR F M 0 MARK S. GHRARI & ASSOCIATES PLLC Elder Law and Estate Planning
  17. 17. You are not required to allow for lump sum distributions when you have a living trust MA13I§ EGHRARI Elder Law and Estate Planning
  18. 18. In the trust declaration, you can include spendthrift protections MA13I§§§EGHRARI Elder Law and Estate Planning
  19. 19. Measured Distributions LAW FIRM OF MARK S. EGHRARI & ASSOCIATES PLLC Elder Law and Estate Planning
  20. 20. To provide an example, let's say that you have appreciable assets in the trust MA131§A§; El¢HRAR1 Elder Law and Estate Planning
  21. 21. You could instruct the trustee to distribute the earnings to the beneficiary on a monthly basis MAB1§ EGHRARI Elder Law and Estate Planning
  22. 22. This would keep the principal intact L. - l’II<. I III MARK S. EGHRARI & / S. '()(’l. ll. S P! l (' E/ dm Lam and Estate Planning
  23. 23. ‘ ‘ ’ '93.; ". _ Trustee Discretion ’ ‘o - ‘. . 1.- ‘i 1‘; I4 5" I ~ I . - . . . I.
  24. 24. Using our example with regard to monthly distributions, you could give the trustee the discretion to distribute pofcions of the principal under certain circumstances MA13I; < EGHRARI Elder Law and Estate Planning
  25. 25. Perhaps you could allow for larger “bonus” distributions when the beneficiary reaches certain age thresholds MA131§A§; El¢HRAR1 Elder Law and Estate Planning
  26. 26. Learn More About Living Trusts LAW FIRM OF MARK S EGHRARI & Asso TES PLLC Elder Law an CIA d Estate Planning
  27. 27. If the possibility of creating a living trust interests you, our firm can help MA13I§ EGHRARI Elder Law and Estate Planning
  28. 28. /' -V. . / ‘J '/ I . . ‘ ‘ ’ re; ‘ E. v I ‘. A. _ ‘,5 - . *- . -' ' l ' " I' ‘. V. . ’ '1 'I_ I ) We oer no obligation consultations, and you can feel free to contact us to set up an appointment
  29. 29. Click to visit myestatep| an. com :3- , l". l1l'I. ! Ht MARK S. EGHRARI Contact Information 50 Karl Avenue, Suite 202 Smithtown, NY 11787 (631) 265-0599 Website www. myestatep| an. com

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