Advanced Estate Planning: Delayed Access and Creditor Protection
A gifting trust is an irrevocable trust that is set up while you are alive, usually for the benefit of your children. If you gift assets directly to a child, the assets are subject to creditor claims and can be used by the child however he or she chooses. If instead, assets are gifted to a trust for the child, the assets are protected from future creditors (including a spouse).
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