Do I Need a Trust?
One of the most common questions I am asked is - Do I need a Trust? A common misconception is that Trusts are only for rich people with potential tax problems. Nothing could be further from the truth. The reality is that non-tax benefits of Trusts are principal reason most clients should consider implementing a Trust based plan.
Do you want to avoid probate?
Do you want to maintain your privacy?
Do you have a blended family?
Do you want to maintain control of your assets while you are alive and well?
Do you want to have dignity and control if you become disabled?
Do you want to efficiently move your assets to your surviving spouse or other beneficiaries?
Do you want to plan for income and estate taxes?
Do you want to provide beneficiaries with:
Creditor Protection, Predator Protection, Re-marriage Protection, Protection for Special Needs Beneficiaries?
Do you want to leave a legacy?
Do you want to create a plan that will allow your family the best opportunity to move forward without conflict?
If any of these apply to you, a Trust based plan may be just the answer you are looking for.
This post is for informational purposes only and not for the purpose of providing legal advice. You should contact an attorney to obtain advice with respect to any particular issue or problem. Nothing herein creates an attorney-client relationship between Hallock & Hallock and the reader.