To minimize taxes on investment gains.

To ensure that assets are distributed according to the investor's wishes.

To protect assets from creditors and lawsuits.

To provide for the investor's retirement.

Will

Trust

Power of attorney

Investment account

To appoint a guardian for minor children.

To establish a trust for the benefit of heirs.

To provide instructions for the distribution of assets after death.

To create a power of attorney.

A legal entity that holds assets for the benefit of another person.

A document that appoints a guardian for minor children.

A power of attorney that allows someone to act on behalf of another person.

A contract that provides for the sale of property.

To appoint a guardian for minor children.

To establish a trust for the benefit of heirs.

To provide instructions for the distribution of assets after death.

To allow someone to act on behalf of another person.

A revocable trust can be changed or terminated by the grantor, while an irrevocable trust cannot.

A revocable trust is taxed differently than an irrevocable trust.

A revocable trust provides more protection from creditors than an irrevocable trust.

A revocable trust is more expensive to create than an irrevocable trust.

A tax on gifts or inheritances that skip a generation.

A tax on investment gains that are passed on to heirs.

A tax on the sale of property that is inherited.

A tax on the income generated by a trust.

The amount of money that can be passed on to heirs without paying estate tax.

The amount of money that can be gifted to a spouse without paying gift tax.

The amount of money that can be contributed to a retirement account without paying taxes.

The amount of money that can be invested in a trust without paying taxes.

The ability to transfer the unused portion of the unified credit from one spouse to the other.

The ability to use the unified credit multiple times.

The ability to pass on the unified credit to heirs.

The ability to use the unified credit to pay gift tax.

A trust that allows a surviving spouse to receive income from the trust assets but not the principal.

A trust that allows a surviving spouse to receive both income and principal from the trust assets.

A trust that is used to pass assets to heirs without paying estate tax.

A trust that is used to provide for the care of a disabled child.

A trust that provides income to the grantor for a period of time and then distributes the remaining assets to a charity.

A trust that provides income to the grantor's spouse for a period of time and then distributes the remaining assets to a charity.

A trust that provides income to a beneficiary for a period of time and then distributes the remaining assets to a charity.

A trust that provides income to a charity for a period of time and then distributes the remaining assets to the grantor.

A trust that provides income to the grantor for a period of time and then distributes the remaining assets to the grantor's heirs.

A trust that provides income to the grantor's spouse for a period of time and then distributes the remaining assets to the grantor's heirs.

A trust that provides income to a beneficiary for a period of time and then distributes the remaining assets to the grantor's heirs.

A trust that provides income to a charity for a period of time and then distributes the remaining assets to the grantor's heirs.

A sale of property to a trust that is not properly established.

A sale of property to a trust that is not properly funded.

A sale of property to a trust that is not properly administered.

A sale of property to a trust that is not properly taxed.

To provide for the payment of estate taxes.

To provide for the payment of income taxes.

To provide for the payment of gift taxes.

To provide for the payment of generation-skipping transfer taxes.