Extension Publications
Extension Publications

Estate Planning Part 6: Trusts

Estate Planning Part 6: Trusts

FCS5-426
Estate Planning Part 6: Trusts

Authored by: Nichole Huff

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Abstract

A trust is a legal entity that a person creates. It can be a flexible and useful tool in estate planning and can be designed in a variety of ways. A trust provides financial benefits for people and/or organizations designated in the trust document. The document also provides the details and instructions for the trust. The trust document should be written by a professional who has experience in writing trusts and who is familiar with current trust laws. The tax consequences of trusts should also be considered; trusts do not save money for your estate in all situations.

Core Details

Publication ID

FCS5-426

Status

Revised

Publication Date

Apr. 7, 2022

Series

Multi-Part Series

N/A


Categorical Details

Publication Area

Language

English

Peer Reviewed?

Yes


Keywords

estate planning

Contact Information

Tawana Brown
Associate Director, Educational Publications

361 Blazer Dining 343 S. Martin Luther King Blvd. Lexington, KY 40526-0012

+1 (859) 257-7566

tawana.brown@uky.edu