1. Assets in Trust avoid probate 2. Trusts are private 3. Trusts provide more control over your assets 4. A Trust can help you avoid death taxes
A Trust is a contract where one person, called the Trustee, holds property for the benefit of one or more other people who are called the Beneficiaries. A Trust can avoid going through probate court and costing your loved one’s time and money. Trusts also offers more privacy, meaning that once created only the people listed on Trust and the person who created it will know about it. The structure of a Trust allows you to decide how and when your assets will be distributed, giving you control and peace of mind. And depending on the sort of trust that suits you, Trusts are a great way to reduce or eliminate hefty estate taxes.
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