Trust Database
Compare trust structures by purpose, control, access, tax treatment, administration, and state-law considerations.
31 संदर्भ प्रविष्टियाँ
A blind trust places investment control with an independent trustee and limits the beneficiary's knowledge or influence, but the label alone does not satisfy any particular public-ethics, securities, tax, or conflict rule.
मुख्य विचार: A truly qualified arrangement may require divestiture, independent management, and regulator approval under the applicable regime.
संपूर्ण गाइड पढ़ेंA charitable lead trust pays charity first for a term or measured lives, then transfers the remainder to noncharitable beneficiaries; annuity and unitrust versions have different valuation and tax characteristics.
मुख्य विचार: A CLT reverses the order of interests in a CRT.
संपूर्ण गाइड पढ़ेंA charitable remainder trust is an irrevocable split-interest trust that pays a qualifying noncharitable interest for a term or lives, with the remainder passing to charity; CRAT and CRUT payout designs differ.
मुख्य विचार: A CRT must satisfy statutory payout, duration, remainder-value, and administration requirements.
संपूर्ण गाइड पढ़ेंA CRUT is a charitable remainder trust that pays a fixed percentage of annually revalued trust assets, so payments can rise or fall with value; permitted net-income variants add further rules.
मुख्य विचार: Annual valuation is intrinsic to the unitrust formula.
संपूर्ण गाइड पढ़ेंA credit shelter trust is funded at the first spouse's death to use available exclusion and benefit family without ordinary inclusion in the surviving spouse's estate when designed and administered correctly.
मुख्य विचार: It is also called a bypass, family, or B trust in some plans.
संपूर्ण गाइड पढ़ेंA directed trust divides traditional trustee functions among a directed trustee and one or more trust directors or advisers, such as separate investment, distribution, or family-business decision-makers.
मुख्य विचार: Titles and liability standards differ by state.
संपूर्ण गाइड पढ़ेंA DAPT is a self-settled irrevocable trust formed under a state's statute that may protect a settlor-beneficiary from some future creditors if strict requirements are met; interstate, bankruptcy, fraudulent-transfer, and public-policy issues make outcomes uncertain.
मुख्य विचार: Only some states authorize self-settled spendthrift protection.
संपूर्ण गाइड पढ़ेंA dynasty trust is a long-duration trust designed to hold and govern assets for multiple generations, often combining GST planning, beneficiary protection, and flexible fiduciary governance.
मुख्य विचार: Permitted duration depends on governing law and any rule against perpetuities.
संपूर्ण गाइड पढ़ेंA family pot trust holds one common fund for several children or descendants so a trustee can respond to unequal needs before dividing the remainder at a specified event.
मुख्य विचार: Equal benefit does not require equal dollars at every moment.
संपूर्ण गाइड पढ़ेंA firearms trust is a trust drafted to own and administer firearms under applicable federal and state law, including National Firearms Act procedures where relevant; it does not waive background checks, registration, transfer tax, possession limits, or local prohibitions.
मुख्य विचार: Federal rules distinguish NFA-regulated firearms from ordinary firearms.
संपूर्ण गाइड पढ़ेंA generation-skipping trust is designed for beneficiaries two or more generations below the transferor, or other skip persons, with deliberate GST-tax allocation and distribution planning.
मुख्य विचार: A trust for grandchildren is not automatically GST-tax exempt.
संपूर्ण गाइड पढ़ेंA GRAT is an irrevocable term trust in which the grantor keeps a fixed annuity and transfers remaining value to beneficiaries if asset performance exceeds the assumed federal rate and the structure succeeds.
मुख्य विचार: The remainder gift is valued at creation under statutory valuation rules.
संपूर्ण गाइड पढ़ेंA grantor trust is an income-tax classification under which the grantor or another owner is treated as owning all or part of the trust; it does not by itself answer whether a gift is complete or assets are in the taxable estate.
मुख्य विचार: Income-tax ownership and transfer-tax ownership are separate analyses.
संपूर्ण गाइड पढ़ेंAn IDGT is an irrevocable trust designed so a transfer can be complete for gift and estate tax while the grantor remains the income-tax owner; the 'defect' is intentional only in that tax-classification sense.
मुख्य विचार: Frequently paired with a gift and sale for a note, but neither step is automatic or risk-free.
संपूर्ण गाइड पढ़ेंAn ILIT is an irrevocable trust designed to own or receive life insurance and manage proceeds, often seeking liquidity and exclusion from the insured's gross estate when ownership and administration rules are satisfied.
मुख्य विचार: Transferring an existing policy can trigger a federal three-year estate-inclusion rule.
संपूर्ण गाइड पढ़ेंAn irrevocable trust is a broad category in which the settlor cannot simply reclaim or rewrite the arrangement at will; its tax, creditor, and control results depend on retained powers, beneficiary rights, funding, and governing law.
मुख्य विचार: Irrevocable does not mean unchangeable under every circumstance.
संपूर्ण गाइड पढ़ेंA marital trust is a broad descriptive category for a trust designed to benefit a spouse; it is not one standardized tax classification, and only a trust that satisfies the applicable statutory terms and elections receives a federal or state marital deduction.
मुख्य विचार: The governing instrument may give the spouse mandatory income, discretionary principal, withdrawal rights, a power of appointment, or another defined interest; the label marital trust does not supply those rights.
संपूर्ण गाइड पढ़ेंA noncharitable purpose trust holds property for a permitted purpose rather than ordinary human beneficiaries, typically requiring an enforcer and a state law that recognizes the purpose and duration.
मुख्य विचार: Recognition and permissible duration vary sharply.
संपूर्ण गाइड पढ़ेंA pet trust sets aside property and enforceable care directions for one or more animals, usually for the animals' lifetimes, with a trustee managing funds and a caregiver providing daily care.
मुख्य विचार: Animals cannot own property directly.
संपूर्ण गाइड पढ़ेंA pooled trust is administered by a nonprofit that maintains a separate subaccount for each beneficiary while pooling investment and administration; qualifying first-party subaccounts follow federal and state payback or retention rules.
मुख्य विचार: Joinder agreements and nonprofit master-trust terms control the subaccount.
संपूर्ण गाइड पढ़ेंA QTIP trust can qualify property for the estate-tax marital deduction while requiring income for the surviving spouse and preserving the first spouse's control over the remainder, if statutory terms and the executor's election are satisfied.
मुख्य विचार: The surviving spouse generally must be entitled to all trust income at least annually during life.
संपूर्ण गाइड पढ़ेंA QDOT can permit a marital deduction for qualifying property passing to a surviving spouse who is not a U.S. citizen, while imposing U.S.-trustee, withholding, security, and distribution-tax rules.
मुख्य विचार: The QDOT election is generally made on the decedent's estate-tax return.
संपूर्ण गाइड पढ़ेंA qualified income trust is a narrow Medicaid eligibility device used in certain income-cap states to receive and route an applicant's income under required rules; it does not shelter assets or create discretionary family wealth.
मुख्य विचार: Availability and required language are state-specific.
संपूर्ण गाइड पढ़ेंA QPRT transfers a qualifying residence to an irrevocable trust while the grantor retains use for a fixed term, reducing the value of the taxable remainder gift if statutory requirements are met.
मुख्य विचार: Death during the retained term can cause estate inclusion.
संपूर्ण गाइड पढ़ेंA trust named as retirement-account beneficiary can be drafted to pass plan distributions out to a beneficiary (conduit) or retain them (accumulation), but qualification, payout timing, tax rate, protection, and beneficiary eligibility must be analyzed under current retirement law.
मुख्य विचार: A trust is not automatically a designated beneficiary for retirement-rule purposes.
संपूर्ण गाइड पढ़ेंA revocable living trust is a lifetime management and transfer framework the settlor can usually amend or revoke while capable; it can support incapacity and avoid probate for properly funded assets, but it is not a stand-alone tax shelter.
मुख्य विचार: The settlor commonly serves as initial trustee and beneficiary.
संपूर्ण गाइड पढ़ेंA spendthrift trust restricts a beneficiary's voluntary and involuntary transfer of an interest before distribution; it is usually a protective provision within another trust, not one uniform product.
मुख्य विचार: Protection generally is strongest while assets remain in a discretionary third-party trust.
संपूर्ण गाइड पढ़ेंA SLAT is an irrevocable lifetime gift trust created by one spouse for the other spouse and often descendants, seeking to move assets outside the donor's estate while preserving indirect family access through discretionary distributions.
मुख्य विचार: The donor should not retain an enforceable right to trust property.
संपूर्ण गाइड पढ़ेंA testamentary trust is created under a will and begins at death after the will is admitted and the trust is funded through estate administration.
मुख्य विचार: It does not avoid probate because the will is its source.
संपूर्ण गाइड पढ़ेंA third-party special needs trust holds assets contributed by someone other than the beneficiary and gives a trustee discretion to supplement the beneficiary's life without assuming the trust is invisible to every benefit program.
मुख्य विचार: Third-party and first-party trusts are not interchangeable.
संपूर्ण गाइड पढ़ेंA Crummey trust gives beneficiaries temporary, real withdrawal rights intended to make contributions present-interest gifts for annual-exclusion purposes; the rights, notices, funding, and trustee conduct must be genuine.
मुख्य विचार: The name comes from a judicial doctrine, not a separate statutory trust form.
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