Should I still establish a trust if the Estate Tax is repealed?
A trust is a legal arrangement through which one person (or an institution, such as a bank or law firm), called a "trustee," holds legal title to property for another person, called a "beneficiary."
The following are some of the benefits of trusts.
Avoiding the costly and time-consuming probate process.
Protection for a person with a disability.
Trusts allow you to detail how you want to distribute your assets.
Trusts provide protection from creditors.
For a child with special needs, trusts ensure eligibility for government programs is not taken away.
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