Start with the goal, not the document
A trust is an important estate planning tool, but the decision should begin with what you want your plan to accomplish—not with the document itself.
Trust Planning
More Control. More Flexibility. A Plan Built Around Your Circumstances.
You've probably heard someone say: “You need a trust.” Maybe you do. Maybe you don't.
What Can a Trust Accomplish?
Depending on its design and your circumstances, a trust may help:
- Manage assets during incapacity
- Provide for loved ones
- Control how and when beneficiaries receive assets
- Protect assets intended for younger beneficiaries
- Provide greater privacy
- Simplify estate administration
- Coordinate property as part of a comprehensive estate plan
The important question
The important question isn't simply: “Do I need a trust?” It's: “What do I need my estate plan to accomplish?” Once we answer that, we can determine whether a trust belongs in your plan.