New clients often believe that they do not need a trust because they don’t have multi-million dollar estates. Yet, nowadays, trusts are not only for the rich and famous. Why? Because it’s less about avoiding estate taxes and more about the cost savings and protections that trusts can provide. A properly drafted and funded trust avoids the expense, delay, and loss of privacy that a probate administration would cause.
The following scenarios help my clients understand why a trust may be worth considering.
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