Silent Trusts – Shhh… It’s a Secret to Everyone

According to a recent study of millionaires in 2013 done by PNC Wealth Management 82% of American millionaires are in agreement with the statement that: ‘each generation should be responsible for creating its own wealth’, up sharply from the 65% reported in a similar study in 2007.

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Testamentary Trusts

What is a testamentary trust and what purpose does it serve? Oftentimes the jargon used in our industry can be shrouded in complexity when in fact there are simpler terms that can be used. Quite simply, a testamentary trust is a trust that will be established upon your death by your last will and testament.

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