Tax-free gift contributed to certain trusts annually.

Pays income to a charity first, with remaining assets distributed to beneficiaries.

Two or more trustees sharing management duties.

Legal claim alleging fiduciary misconduct in trust management.

Bank or trust company serving as professional trustee.

Provides beneficiaries with withdrawal rights to qualify gifts for tax exclusions.

State laws authorizing trusts with split fiduciary roles.

Third-party arrangement holding funds until conditions are met.

Trust established to manage and pass assets within a family.

Funded with the beneficiary’s own assets.