Trusts – 5 Good Reasons to you should have a Private Trust

First, they are NOT just for the Wealthy. They are for EVERYONE!Show more

Trusts are used to protect assets and the future of their family.

5 Good Reasons you should have a Private Trust:

1. Better than a Will – A Trust is better than a Will because a Trust Document is Private. A will once published, is a Public Document and anyone can see it. In a Trust, no one can see what assets were left to each Beneficiary.

2. Inheritance Tax – A Private Trust can help reduce or even eliminate the inheritance tax. It is only your estate that can be taxed. If you place your assets in a private trust it will not be part of your estate, therefore there can be no taxes to pay if they are not in your estate.

3. Bloodline Planning – a Private Trust can protect against your sons or daughters future divorce. You don't want to lose half of your estate to a future divorce. If you leave your assets in a private trust then your sons or daughters do not inherit the property which can be lost in a divorce. The assets remain in a trust and do not form part of the estate, therefore all of the assets you leave behind can still be protected.

4. Bankruptcy – in a private trust your assets will never form part of your estate. When you have all your assets in a private trust, a bankruptcy cannot touch assets that do not belong to your estate. Since the assets are not part of the estate they cannot be attacked by the official receiver that is dealing with your bankruptcy.

5. Lawsuits – a Private Trust will protect you from a Law Suit. If an individual or a corporation were to sue you in your personal capacity, it can only be your assets that they can attack. If your assets are held in a private trust, then they are not part of your estate. They cannot be attacked by third parties looking to sue you. Bankers hire private investigators to investigate the personal assets of people prior to proceeding with any law suit against you.

A Private Trust can save you from Future Financial Hardships and Difficulties.

SOURCE: https://www.trustisequity.com