Due to changes that limited federal estate tax to only high valued estates, many people believe there is no reason to set up a trust to guard their assets. However, a recent article outlines five reasons that trusts might be the right choice even for smaller estates:
1. Holding assets in trust may allow estates valued at over 1 million dollars to avoid significant Massachusetts tax liability.
2. A trust will avoid the often long and costly, and always public, probate process, where the will, the… [read post