Major Gifts   >  Living Trusts

Living Trusts

A living trust lets you provide for yourself and your family before and after your death. It has a built-in flexibility, because it allows you to stay in control of your assets.

Living trusts are fully revocable, so you can change or terminate them at any time during your life. With an irrevocable trust, you give up the power, generally in order to save income taxes.

Even though you reserve the right to change your mind, the possibility of major estate tax savings remains with a living trust.

Benefits of a Revocable Living Trust

If you make yourself the initial beneficiary, you will receive the income from the trust assets.

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Learn More about Your Options

During your lifetime, either a revocable living trust or an irrevocable plan is an effective way of arranging a contribution to the Bogart Pediatric Cancer Research Program.  Irrevocable trusts can give you an income tax charitable deduction immediately, but if it’s flexibility you desire, then a living trust might be right for you.