Trusts

A trust separates the right to income and possession. See EPTL 7-1.2. A transfer of both the right to income and possession to one person must be made directly to that person. No title would vest in the trustee because the trustee would have no duties to perform. EPTL 7-1.2. Such a “trust” is known as a “passive trust.” Id.

Retainers

• Sample Retainer for Trust Administration - (🔐)

Trust Administration

Types of Trusts

• Intentionally Defective Grantor Trust (IDGT) - (🔐)
• Irrevocable Life Insurance Trust - (🔐)
• Medicaid Asset Protection Trusts - (🔐)
• Revocable Trust - (🔐)