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Who needs a trust instead of a will?

For example, a Trust can be used to avoid probate and reduce Estate Taxes, whereas a Will cannot. On the flipside, a Will can help you to provide financial security for your loved ones and enable you to pay less Inheritance Tax.

What is a conservation easement in Vermont?

Conservation easements are legally binding agreements between a landowner and another entity, such as a land trust or government agency. An easement may be donated or sold by the landowner. A conservation easement typically limits how the land may be used by the current owner and all future owners.

Will VS trust in Vermont?

Wills go through probate and become public record. Trusts remain private. The assets, beneficiaries, and disbursements are not made public.

What is an example of a trust company?

Examples of a bank trust company are CoAmerica, JP Morgan Trust Company, SunTrust, and Frost Trust Company. The term bank usually refers to those institutions dealing strictly with deposits, and loans. A trust company is a corporate trustee that can be tied or not tied to a bank and just offers trustee services.

What does the Vermont Land Trust do?

With expertise in conservation, ecology, community engagement, and finance, we help: Conserve land with important economic, community, and environmental benefits by limiting development and ensuring sound land stewardship practices. Support farmers in buying land and growing sustainable businesses.

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