Let’s face it. we all have to die one day. Maybe today, maybe tomorrow, or many years later. Death is uncertain and not in our hands. What’s in our hands is protecting our wealth after we are gone. We will be talking about creating a trust today.
When reviewing your finances, one of the most frequently asked questions is “Why would I need to set up a trust?” Trust is mostly used to decrease a person’s estate taxes, but it’s also used to pass on assets to a third-party. There are many benefits to be had with setting up a trust.