Plain-language answers to the most common estate & trust questions, written by Haute Wealth's editorial team and reviewed by our advisors.
Estate planning is the process of arranging how your assets will be managed and transferred during your life and after death — and for hi…
Read Answer →Trusts are central to high-net-worth estate planning, and the most fundamental distinction is between revocable and irrevocable trusts —…
Read Answer →A dynasty trust is an irrevocable trust designed to pass wealth down through multiple generations while minimizing transfer taxes at each…
Read Answer →Choosing an estate planning attorney is one of the most consequential decisions a high-net-worth family makes, because this is the profes…
Read Answer →A will and a trust are both estate-planning instruments, but they do different things, and for most high-net-worth families the answer to…
Read Answer →The federal estate tax is a tax on the transfer of wealth at death above a certain exemption amount, and the "estate tax exemption" is th…
Read Answer →A grantor trust is a trust in which the grantor (the person who creates and funds it) is treated, for income-tax purposes, as the owner o…
Read Answer →Hiring an estate and trust advisor — whether an estate planning attorney, a trust professional, or an advisor coordinating your estate st…
Read Answer →Generational wealth transfer planning is the comprehensive strategy for passing wealth from one generation to the next — and ideally beyo…
Read Answer →a Charitable Remainder Trust (CRT) is a concept every high-net-worth individual should understand as part of comprehensive estate plannin…
Read Answer →a Spendthrift Trust is a concept every high-net-worth individual should understand as part of comprehensive estate planning and trust str…
Read Answer →a Qualified Personal Residence Trust (QPRT) is a concept every high-net-worth individual should understand as part of comprehensive estat…
Read Answer →a Grantor Retained Annuity Trust (GRAT) is a concept every high-net-worth individual should understand as part of comprehensive estate pl…
Read Answer →a Special Needs Trust is a concept every high-net-worth individual should understand as part of comprehensive estate planning and trust s…
Read Answer →Protect Assets from Lawsuits is a concept every high-net-worth individual should understand as part of comprehensive estate planning and…
Read Answer →a Power of Attorney for High-Net-Worth Families is a concept every high-net-worth individual should understand as part of comprehensive e…
Read Answer →a Family Governance Plan is a concept every high-net-worth individual should understand as part of comprehensive estate planning and trus…
Read Answer →a Trust Protector is a concept every high-net-worth individual should understand as part of comprehensive estate planning and trust struc…
Read Answer →a Pour-Over Will is a concept every high-net-worth individual should understand as part of comprehensive estate planning and trust struct…
Read Answer →a Family Mission Statement for Wealth is a concept every high-net-worth individual should understand as part of comprehensive estate plan…
Read Answer →Include Digital Assets in Your Estate Plan is a concept every high-net-worth individual should understand as part of comprehensive estate…
Read Answer →Decanting a Trust is a concept every high-net-worth individual should understand as part of comprehensive estate planning and trust struc…
Read Answer →an Irrevocable Life Insurance Trust (ILIT) is a concept every high-net-worth individual should understand as part of comprehensive estate…
Read Answer →Name Beneficiaries Correctly is a concept every high-net-worth individual should understand as part of comprehensive estate planning and…
Read Answer →Estate Planning for Business Owners is a concept every high-net-worth individual should understand as part of comprehensive estate planni…
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