Basic Benefits of A Trust
Byline: Chad Nelson, Esq.
Estimated read time: 3 mins
Many of our clients ask whether they should incorporate a trust into their estate plan. They typically hear from friends or family that having a will is not enough; they’re often told that a more robust estate plan includes a trust even though they may be unclear of how one might actually benefit them.
There are several different kinds of trusts, each one offering its own advantages (and sometimes disadvantages). Rather than identify the different kinds of trusts and how they work, the most important thing we recommend is to understand why and when you need one. To that end, we highlight the standard benefits that come with implementing any kind of trust, no matter which type is created.
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Considering a trust? The estate planning attorneys at Pelletier Marshall & Clark are ready to help. We implement basic and advanced trusts for clients in Rhode Island, Massachusetts, and Connecticut. Contact us for a free, no-pressure consultation of your estate planning options.