Disadvantages of a trust

    when should you get a trust
    when should you get a trust instead of a will
    when do you get a trust fund
    when do you get a trust
  • When should you get a trust

    • What are reasons to not have a trust?...

    What is a trust

  • Who needs a trust instead of a will
  • What are reasons to not have a trust?
  • Tax benefits of a trust
  • The biggest mistake parents make when setting up a trust fund

    • (Image credit: Getty Images)

    Why is there so much confusion around trusts? In my opinion, it is because they are often used the wrong way and not used for the right reasons.

    We had some clients whose attorney tried to get them to do a trust they did not need.

    Fortunately for them, our client had a reliable guide to step in and tell them they did not need to spend the money to get a trust. So how do you know if you need a trust?

    At what net worth do i need a trust

    Let's dive in.

    There are two types of trusts:

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    1.

    Revocable trust

    This is the simpler of the two types of trusts. There are some great uses for it, but we see this type of trust misused often because most people do not need it (especially our clients who are in or near retiremen

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