So what goal(s) can move you to create this entity, the trust? There are many commonly shared goals and the original article covers the basics, to include these seven:

  1. You Don’t Want Your Kids to Inherit at Age 18
  2. You Want to Protect Against Creditors
  3. You Want Someone Else at the Helm
  4. You Have a Complicated Family Situation
  5. You Want to Avoid the Probate Process
  6. You Want to Take Care of a Disabled Child
  7. You Want to Safeguard Your Privacy

How do you accomplish these goals with a trust? Read more about it in the original article, and then put your pen to paper for a personal brainstorming session.

The more you know the better you can plan for yourself and your loved ones.

Philip J. Kavesh
Helping clients with customized estate planning guidance and trust & estate administration for over 44 years.
Post A Comment