Trusts & Estates
Chilton Capital Management has over three decades of experience in the administration and investment management of trust assets. Whether you need a trustee, co-trustee or agent, our experienced professionals add value by carefully crafting an investment plan consistent with the parameters of the guiding trust document. Chilton can guide you through the fiduciary demands of any trust; including, but not limited to:
A trust created by an individual that may be revoked, altered, or amended by the Trustor during his lifetime.
A trust created by an individual that cannot be revoked, altered, or amended.
A type of irrevocable trust used to reduce both income and estate tax burdens through making gifts to charity.
A type of irrevocable trust used to reduce the estate tax burden when a second spouse dies. The first spouse’s assets are transferred into the bypass trust on his or her death, where the surviving spouse can use the assets, but never owns them. When the surviving spouse dies, the assets in the trust are not included in his or her estate for tax purposes.
A trust created to allow one spouse to transfer, during life or upon death, an unlimited amount of property to his/her spouse without incurring gift or estate tax.
A type of irrevocable trust that allows the grantor to protect gifts given to someone who may not be able to manage the assets themselves.
Special Needs Trust
A type of irrevocable trust set up for a person with special needs to supplement any benefits the person with special needs may receive from government programs. This trust allows the beneficiary to receive government benefits while still receiving funds from the trust.
A Crummey trust is a trust that takes advantage of the gift tax exclusion and also keeps money in trust by placing significant restrictions on the recipient’s right to withdraw. The trust allows a limited amount of withdrawals by the trust's beneficiary, during a limited window each year. It is a type of trust which allows a limited amount of withdrawals by the trust's beneficiary, and also tax-free gifts to minors. The trust allows these actions to be undertaken during a limited window each year, often 30 days. A crummey trust does not require the distribution of assets when the beneficiary reaches the age of 21.
An account opened by the executor of an estate after probate has been commenced to pay the estate's taxes, debts and any other necessary distributions out of estate assets.