The Pros And Cons Of Silent Trusts

They’re not right for every family, but there are times when a silent trust is a good idea.

A silent trust is one that isn’t revealed to the beneficiary by either the trustee or trust grantor (or creator). The trustee manages the assets and usually doesn’t make distributions to the beneficiary. After a period of years, the trustee reveals the trust to the beneficiary, as directed in the trust agreement.