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What are some of the key benefits to creating a trust?

estate planning trusts Jan 09, 2019

A Trust allows you to control your assets from beyond the grave. You can clearly outline who gets your assets, when they get them and under what regulations or situations they’re able to use them. It provides a means for you to spread your assets out and spread the tax liabilities. It also allows your assets to flow to people outside of your estate. If you create a Trust today for all your family members, that money will leave your estate and it will not pass through your Will, so it saves you some tax as well as some probate fees if you have to pay them. This becomes especially important if you have assets in the United States or if you have assets that you may not want people to know about. Trusts can be a great tool in an estate plan!

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