How Much Money Do I Need for a Trust to Make Sense?


How Much Money Do I Need for a Trust to Make Sense?

Is there a threshold I need to be at for a trust to be useful? What are the benefits? Am I even asking the right question?

 

You’ve probably heard that trusts are valuable to some people to help protect their estate. But it’s not very obvious who they are useful for and under what circumstances. Is there a certain number or asset level I should have?

Ultimately, it’s less a question of what level of assets are needed, and more a question of WHY you’re creating this trust and what you want to make sure happens to the assets you have.

Specific circumstances like guardianship issues, eliminating family fights, and estate tax concerns are just a few good reasons we might utilize a trust in our planning.

Estate planning can be super complicated, but it doesn’t have to be. John is here to make it simple and easy to understand.


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