When do I need a trust?

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I could say that everyone needs a trust

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but that would be a really generic

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answer so for most folks the most

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important things to look at to determine

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whether you need a trust are do you have

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a blended family so do you have

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stepchildren or are you coming into the

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into a marriage with children and you’re

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going to have children with with your

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new spouse another factor that people

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take into account about whether they

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need estate planning or not is whether

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they have a loved one or a family member

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with with a disability such as being on

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the autism spectrum or having Down

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syndrome or having a physical disability

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that means that they need supportive

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living care for themselves really trusts

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are fantastic vehicles for anyone who

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wants to Future proof their life savings

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or their home there’s two steps to

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estate planning first someone typically

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the life cycle is someone gets a

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financial advisor and that financial

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advisor will help them to start the

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process of accruing and Building Wealth

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then we as estate planners can help that

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person to Future proof that well future

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proof that wealth to keep it with them

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and with their loved ones sometimes we

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have clients who come in who have

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younger children maybe they’re in their

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teens or maybe they’re in their early

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20s and these are children who are

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likely to get married in the future

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maybe they want to go to grad school in

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the future so our clients want to make

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sure that the inheritance that they’re

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leaving their children doesn’t get split

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up between divorcing spouses so half of

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the child’s inheritance in other words

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wouldn’t go to their divorcing spouse or

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all of their inheritance wouldn’t go to

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student loan debt so in that way we

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really help our clients to make sure

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that through a trust the money that

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they’ve spent a life building stays with

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them and the people that they wanted to

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go to