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.


Estate Planning Checklist for New Parents

Have you just welcomed a new child to the family? You, as a parent, want to make sure you're doing everything you can to protect your children. So what legal documents do you need in place to make sure your family is secure and protected? I'll detail the top four you'll need to consider.

What is a Deferred Sale Trust?

"Deferred sale trust" can mean a few different things in different cases, though, ultimately, it's basically just dressing up other trusts, putting some special verbiage on it, and making it seem like a fancy new, unique legal vehicle for your assets. I'll describe two ways that I've seen people use the term "deferred sale trust."

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?

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