DO YOU NEED A TRUST?

Want to avoid probate? That's like asking if you world like to avoid a root canal. There are several things you can do to keep the IRS and legal expenses to a minimum. One way is to have a Revocable or Living Trust. Oliver Wendell Holmes said, "Put not your trust in money, but put your money in trust." Holmes understood in 1858 the value of a trust as an estate planning tool.

We can help you to create a living trust and fund it with most or all of your assets. You can choose to be the trustee, or joint trustees with your spouse or someone else. That means you are completely in control as long as you live.

Benefits? Number one on everyone's list is that you will avoid probate. If you love paying taxes, you'll enjoy probate. Probate is often a slow, costly way to pass your estate to your heirs. There are lawyer bills, often appraisal costs, and inheritance taxes. This is all public. It is also contestable. Wills can be contested, but Trusts cannot. An AARP study found that even estates under $100,000 took, on average, over a year to probate. With a good trust there is nothing to argue about. Everything will be distributed as you wish.

A properly written trust may save even more money in inheritance taxes and capital gains taxes.

Want to learn more? Click More About Trusts or call Nancy, 928-777-8736, or Ron, 928-717-8256, or E-mail us at investments@weareinsurance.com.

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