Jan 042013
 
Does a living trust make sense for me?

Many people think that a trust is only for wealthy people, but it can be a great tool to manage your assets while you are alive, regardless of whether you are wealthy or not. A trust is a private instrument that does not become public record, like a will. That means only the beneficiaries and trustee will know the details of the trust, such as the value, the actual beneficiaries’ names and what the beneficiaries will receive. A trustee has the responsibility of managing the trust, keeping records, filing tax returns and making distributions. You can be your own trustee More…