A lot of people that have never looked into all of the facts assume that trusts are only useful for very wealthy individuals. The perception is that a last will is the right choice for people of relatively ordinary means. In reality, this is not the case at all. There are some types of trusts that are used by individuals that have advanced estate planning concerns, such as estate tax exposure. These are typically going to be irrevocable trusts, but there is another type of trust that provides multiple benefits for people that are not extremely wealthy. This is the [Read more...]
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