Benefits of Living Trusts

Thursday, March 27th, 2014, 11:01 pm

Benefits of a Living Trusts

  • Your written plan happens automatically
  • No court delays or interference
  • Can reduce or eliminate estate taxes in some instances
  • Can allow family to take advantage of the Medicaid spend down rules
  • Can provide care to children and future grandchildren in a way to prevent them from wasing such assets
  • Protects you while you are alive.

Trusts Protects Beneficiaries

  • Protects incapacitated or disabled beneficiaries
  • Can provide divorce protection for your heirs
  • Can protect your children’s inheritance if your spouse remarries
  • Can provide creditor protection for your heirs who have creditor problems
  • Can amend terms and beneficiaries. Relationships sometimes change.

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Category: Trusts Planning

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