Exceptional Benefits.
Business Expenses
Expenses and business affairs conducted on behalf of the Trust may be paid by the Trust and not considered income to the person receiving these payments.
Housing & more
Trust expenses can include housing, utilities, homeowners’ insurance, property taxes, housing repair and maintenance, and vehicles, vehicle insurance, vehicle taxes, vehicle repair and maintenance.
Expenses for Minors
Beneficiaries that are minors and/or those incapacitated can be provided food, clothing, medical, education, transportation needs, and wellness. Basically, all expenses except entertainment may be covered!
Expenses for Adults
The Trust can provide medical, education, transportation needs, and wellness for adult Trustees and Beneficiaries. This is not income to them if this income is paid on behalf of the Beneficiary or Trustee and not paid directly to the Beneficiary or Trustee.
Inherent Powers
One of the benefits of a Spendthrift Trust is that the Trust has inherent power to invest to create more wealth.
