Green Tree Planning

A “living trust” is a revocable trust that is created for the purpose of managing the property affairs of the trustor(s).  In its pure form it will contain all the assets of the trustor(s) and the trustee(s) during the life of the trustor(s) will be the trustor(s).  In this context it takes the place of [...]

A revocable trust is any trust the may be revoked by the person or persons who have created the trust.  Such persons are customarily referred to as the “grantor” or “trustor”, with the latter being the modern term.  The typical revocable trust most often encountered is termed a “living trust”.  For more information about living [...]

Asset protection is neither an organized body of law nor an established specialized practice of law, but a strategy the weaves existing legal structures and products into a cohesive framework that is designed to protect selected assets of a person from certain identified types of claims.  There is no one grand method or design.  The [...]

A trust is a separate and distinct entity.  It has a legal status to the same extent as a corporation or a partnership.  It can own assets, incur liabilities, engage in business and commercial transactions, make gifts of property, and is usually subject to taxation.  In short a trust is fictitious person that has [...]

Financial Planning in its purest form encompasses (i) investment planning and management, (ii) insurance planning, (iii) retirement planning, (iv) estate planning, (v) tax planning, and (vi) estate planning.  Obviously this is encompasses a broad spectrum of  knowledge and skills that can, in some circumstances, require the services of more than one individual despite their education, [...]