Do I need a Trust?

Many individuals can benefit from the use of a trust. Basic criteria can be used to help determine if a trust is right for you. Ask yourself the following questions:

Do you have loved ones you want to provide for?

Would you prefer that your financial affairs remain a private affair?

Does your situation include children from a previous marriage, or special-needs children, and would you like for them to be provided for?

Upon your death or your spouses will your estate be taxable?

In the event of your death or incapacity, do you have specific guidelines for your loved ones, including the amount they stand to receive and the time frame in which it will occur?

Do your assets include ownership of property in two or more states?

If you answered yes to any or all the above questions, creating a trust may be a prudent financial move.