The following is a partnership with Trust & Will.
Do I need a Trust?
Lately, I’ve been hearing that question and many other questions about having a Trust.
More people should probably have a Trust than you think, as there are many benefits.
According to Trust & Will, if you have at least $200,000 worth of assets, the best way to protect your family may be to create a Trust.
Creating a Trust is an area that you may not have thought about. After all, many do not take this step. But, this is changing lately. More and more people are starting to create Wills and Trusts, and for good reason.
Creating a Trust can protect your assets and help your family.
There are many reasons to have a Trust. Some reasons may include more control over distributing assets, such as if you have a family home, assisting dependents with disabilities for years and decades into the future, complex assets, reducing taxes, and more.