A Trust is a great a planning tool that is extremely flexible, and not a one size fits all type of document. A Trust is usually used as part of a family’s estate plan along with a will. There are numerous different types of Trusts and they all can be used in a variety of ways to help ensure your estate plan works in the way you want it to. The way Trusts affect each family’s estate plan varies but they can be used as tools to help protect your assets from creditors, assist in tax savings planning, avoid probate expenses, and help people achieve their individual planning goals. We suggest you Contact an estate planning attorney to discuss ways in which a Trust can benefit you.
Posted in: General Estate Planning Questions