Pick the Perfect Trust
A well-crafted estate plan ensures that a person's assets will be smoothly passed on to his or her chosen beneficiaries after one passes away. The absence of an estate plan can lead to family conflict, higher tax burdens, and exorbitant probate costs. While a simple will is an essential component of the estate planning process, sophisticated plans should also include the use of one or more trusts.
Original Article Source Credits: Investopedia , https://www.investopedia.com/
Article Written By: Cathy Pareto
Original Article Posted on: May 23, 2021
Link to Original Article: https://www.investopedia.com/articles/pf/08/trust-basics.asp