Trusts are not just for millionaires
 If
you’re like most people, you probably think of trusts
as powerful financial tools used by the ultra-rich. Well,
you’d be half-right. They are powerful financial tools,
but they’re not just for the rich. They’re used
by all kinds of financially savvy people who know about the
benefits they offer.
You don’t have to have millions of dollars to take
advantage of those benefits. If your estate totals $150,000
to $200,000 or more, the expenses of a trust may be worth
your while, if only for the fact that a trust will allow you
to avoid probate.
You can set up a simple trust for two or three thousand dollars
plus annual trustee and administration fees. Of course, if
you have millions, your trust would likely be more complex
and would cost more to create and administer.
The goal of this section is simply to make you more aware
of trusts and what they can do for you and your estate plan.
Keep in mind that trusts can be very complex and that you
definitely need the help of a professional to know how a trust
would help you in your specific situation.
Important information about our financial planning services can be found at the bottom of our
homepage.
|
