Investopedia: Trusts are commonly used by attorneys and financial advisors during the estate planning process. They aid in the distribution of assets, ensuring that everything goes to the correct people and entities. They can also minimize estate taxes. Essentially, they allow you to remove assets from your personal estate so that more wealth can be passed to your beneficiaries. You can even place a life insurance policy within a trust.
On the Net2016-12-13T20:33:45-08:00July 12th, 2011|ILITs, Trusts|
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