COVID-19 – We are committed to helping keep our clients and employees safe and connected 301-468-3220

Increasing popularity of Spendthrift Trusts

InvestmentNews called on the expertise of Gary Altman for a recent piece on the increasing popularity of spendthrift trusts.

In an economic climate where wealthy investors are becoming more risk averse, interest in establishing spendthrift trusts for beneficiaries is becoming an enticing option.  As Altman explains, spendthrift trusts are essentially irrevocable third-party trusts created for another individual's benefit (i.e. when the estate holder isn't certain that the beneficiary will manage the money properly).

Altman & Associates has long specialized in the establishment of a variety of trusts.  Unlike wills, trusts afford the benefit of avoiding probate, a lengthy and costly legal process that oversees the transfer of assets. Trusts can also be beneficial while the donor is alive to minimize taxes.

Share This Story, Choose Your Platform!
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram