Tracy Craig, Chair of our Trusts and Estates Practice Group, has been recently quoted in a Realtor.com article discussing the complexities of generational wealth and appropriate trusts.
A revocable trust is also known as a revocable living trust and can be changed or updated when needed.
“It is typically a will substitute that helps you avoid probate and is created for the benefit of the grantor (creator of the trust) and assets belonging to the grantor during their life,” says Tracy Craig, partner and chair of the trusts and estates practice group at Seder & Chandler.
If you have questions about inheritance tax or require specialized advice tailored to your individual circumstances, we invite you to contact Tracy Craig directly.