Please ensure Javascript is enabled for purposes of website accessibility
Search
Accessibility Menu

What Is a Family Trust?

By Catherine Brock – Updated Dec 11, 2024 at 1:36PM

Key Points

  • Family trusts manage assets for beneficiaries, avoiding probate and public disclosure.
  • Irrevocable trusts protect assets from creditors and exclude them from estate taxes.
  • Use of bypass and marital trusts can reduce estate taxes for wealth above exemption limits.
Key findings are powered by ChatGPT and based solely off the content from this article. Findings are reviewed by our editorial team. The author and editors take ultimate responsibility for the content.

Our Guides

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.