Chief advantages of trusts

Among the chief advantages of trusts, they let you:

1. Put conditions on how and when your assets are distributed after you die;
2. Reduce estate and gift taxes;
3. Distribute assets to heirs efficiently without the cost, delay and publicity of probate court. Probate can cost between 5% to 7% of your estate;
4. Better protect your assets from creditors and lawsuits;
5. Name a successor trustee, who not only manages your trust after you die, but is empowered to manage the trust assets if you become unable to do so.

Original Source: CNN Money, Money Essentials

Bradford Miller Law, P.C.has been practicing law in Estate Planning for several years. We can prepare all your estate planning documents and keep them updated. We will offer advice, and keep your estate plan current with the laws governing estate planning. And, you have the satisfaction of knowing that your affairs are in order, per your wishes. Visit our website for helpful information regarding Estate Planning and give us a call at 312-238-9298 for a FREE 15-minute consultation.

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