The seven steps in this series will guide you through the process of building a working outline for a thoughtful and successful trust document. Here is a refresher on what we covered in Part 1: In Step 1, we started with Why – figuring out your main purpose or motivation for including one or more trusts in your estate plan. In Step 2, we worked on the Who – listing and describing the people (and possibly charities) your trust will benefit.
Step 3 – Decide How Much & When
Next, we will cover how your estate plan will express the amount and frequency of distributions from the trust to your beneficiaries. The goal of this step is to determine how you would like the trust assets to be paid out. This does not have to be perfect right off the bat. You’ll refine this in time. Continue Reading →