Estate Planning and Wealth Transfer

Revocable Trust
A trust that may be altered during your lifetime; considered part of the grantor’s estate and is subject to taxation; property is passed on to beneficiaries only upon death of grantor.

Irrevocable Trust
A trust that cannot be changed or canceled once established, without consent of the beneficiary; contributions cannot be taken out of the trust by the grantor; offers tax advantages that revocable trusts do not.

Irrevocable Life Insurance Trust
Provides liquidity to pay your estate taxes; the irrevocable trust is named the owner and beneficiary of the life insurance policy, essentially removing the proceeds from the estate of the insured and the insured’s spouse.

Charitable Remainder Trust
Offers significant income and estate tax savings; make a charitable contribution, then continue to receive income from the gift or contribution during your lifetime; after your death or at the end of the trust’s term, the assets pass to the charity(ies) named; when the charity sells the assets, there are no capital gains taxes owed because charities pay no taxes. You may change the charitable beneficiary during your lifetime.

Trustee Services
LPL Financial provides trust services through its affiliate, the Private Trust Company, N.A. (PTC). The Private Trust Company’s dedicated team has extensive experience in all areas of trust planning.