Trusts

Trusts serve three main purposes: asset protection, probate avoidance, and tax planning. Trusts can also provide for young children and loved ones with special needs. Learn more from St. Louis trust attorney Vince Taormina by clicking the links below.

What Is a Trust?

A Trust is a type of property ownership whereby the property owner transfers their property into trust for the benefit of a third-party. Sound confusing? Learn more by clicking the link below.

Revocable Living Trusts

A Revocable Living Trust is the best estate planning option for the average family. Revocable Living Trusts provide for an efficient transfer of wealth and can help provide for generations to come.

Special Needs Trust

Special Needs Trusts, sometimes referred to as Supplemental Needs Trusts, help ensure that any loved one with disabilities receiving government benefits will continue to receive those benefits after you are gone.

Asset Protection Trusts

For those with estate and gift tax issues, irrevocable trusts like Irrevocable Life Insurance Trusts and other estate planning devices like a QTIP Revocable Living Trust are effective for tax mitigation purposes.

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