Trusts 101: Why Have a Trust?
Trusts aren’t just for very wealthy or complicated estates. They could be helpful for many “average” folks, too.
It’s a well-documented fact that most people do no estate planning. Of those who do, the majority use a last will to pass their estate to a spouse or divide it among their children.
Most estate plans do not establish a trust. I suggest that if you can make a list of people you want to share in your assets at your death, your plan will benefit from a trust.
Here are the basics of trusts: what they do, and how they can be used.
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