No annual tax return is needed for the Trust as long as the founders are alive. Flexibility Distributions A Living Trust will allow flexible, personal administration of assets after death. Some clients put additional strings on bequests, such as drug free testing, non-participation in certain religious groups, or any other matters which meet the particular needs of the client. With a little imagination, whatever method is right for each client' s situation can be constructed. The Trust allows anything to be accomplished, privately, with a minimum of difficulty.
Disabled people present special needs in planning.
The Trust is the ideal way to provide for a disabled person in such a way to retain eligibility for most public assistance. Click here for more details on Special Needs Trust . With a Trust, Probate Court is avoided entirely. However, there are two advantages of Probate. First, Probate protects against wrongful actions by the manager you appoint.