Trustee
Too many people mistakenly assume that trusts are only for the fabulously rich and not for those with just a family home, a company pension and a life insurance policy. But even these people can benefit substantially from trusts.
Reason: Trusts save thousand of dollars in gift and estate taxes and provide a way to manage assets when the original owners are no longer around. They also can protect assets from creditors and malpractice suits. Trust need to be set up properly if they are to be effective, so be sure to consult a knowledgeable attorney. Here are five basic types of trusts and what they can do for you.
Reason: Trusts save thousand of dollars in gift and estate taxes and provide a way to manage assets when the original owners are no longer around. They also can protect assets from creditors and malpractice suits. Trust need to be set up properly if they are to be effective, so be sure to consult a knowledgeable attorney. Here are five basic types of trusts and what they can do for you.
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