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
Nationally recognized attorney helping clients with customized estate planning guidance for over 40 years.
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