What is this?
Legal assistance for your parent(s) to set up an irrevocable trust to protect property and reduce taxes when the owner of the property dies. "Irrevocable" means that the trust can't be changed or terminated without permission of the beneficiary (the person the trust is set up to benefit).
Example:
- Your parent wants to prepare an educational trust to ensure your child has funding for college.
- Your parent wants to establish a charitable trust to ensure assets are distrubuted to a particular organization or charity.
Questions?
Contact ARAG Customer Care to confirm your legal matter will be covered by this plan.