When appropriate, income-only trusts can achieve the multiple objectives of preserving assets while minimizing tax liability, protecting assets against the possibility of long-term care costs, and retaining control of the grantor. This article examines the important factors that need to be considered to use income-only trusts successfully.
Castle, Billie M.
"Income-Only Trusts: A Win-Win-Win Option in Estate Planning,"
Marquette Elder's Advisor:
1, Article 8.
Available at: http://scholarship.law.marquette.edu/elders/vol3/iss1/8