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Why would I make a trust?

Oct 21, 2020

Paul S. Labiner

Paul Labiner

Managing
Partner

Trusts are used to accomplish a wide variety of specific estate planning goals, but most trust planning objectives tend to fall into four broad categories:

  1. Estate tax minimization,
  2. Asset protection,
  3. Setting terms for accessing assets (e.g. age or amount requirements), and
  4. Directing assets and property where you want.

Trusts greatly expand your estate planning options. They work in tandem with (not as alternatives to) wills to direct how and when beneficiaries receive your assets. In addition, assets and property distributed through a trust can avoid the public, expensive, and protracted Probate process.

There are hundreds of different types and subtypes of trusts to choose from. Depending on your exact goals, you and your estate planning attorney can decide on the type of trust that is right for you.

Get Help Today

Due to the complexity of trust planning, consulting with an attorney is always your best option. We want to try to make the estate and trust planning process as simple and stress-free as we can. Call (561)998-2362 or click the button to schedule a free Financial Legacy Review online now.

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