Subtrusts & testamentary entities

This tutorial covers how to create an entity or trust that is created underneath an existing trust.

Common examples of this include:

• Marital or Family Trusts created by a revocable trust at the death of the grantor

• Inherited IRAs created from a client’s retirement account

• Separate trusts for each beneficiary created by a pot trust at an event in the future

  • For example, the Children’s Trust breaks into Child 1 Trust, Child 2 Trust

• Testamentary charitable lead or charitable remainder trusts created at the death of a client