INTER VIVOS TRUSTS OVERVIEW
An “inter vivos trust” is a trust created during your lifetime, as opposed to a “testamentary trust” that arises after your death (usually created by your Will).
Inter vivos trusts can allow you to:
If you are over the age of 65, an alter ego or joint partnership trust can be helpful in some cases to avoid the need for probate tax, while also determining the distribution of your assets after your death.
At Berry Gage LLP, we can work with you and your financial/tax advisor to determine if an inter vivos trust is right for you.