Tagged: #generationalwealth #trust
Fundamental purposes and advantages of a trust
1. Asset management
2. Benefits of tax reduction
3. Probate avoidance
4. Avoid a court-ordered conservatorship should you become disabled as to be unable to manage your own affairs.
Additional benefits include privacy (probate is a public record), low cost (no your cost, filing fees, estate inventory fees) ease of administration, lower likelihood of someone contesting the estate and elimination of time delay caused by probate of a will.
Let’s use this space to create and protect our legacies!
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