In our previous post, we started discussing how even though the execution of a trust grants its creator certain advantages -- minimization of tax liability, control of asset distribution, privacy -- this final element of secrecy wasn't always guaranteed.
Can a trust truly be kept private?
As we've discussed on our blog before, there are multiple reasons why a trust might prove to be the single most effective instrument to accomplish your estate planning objectives.
Should you have a living trust?
In many circumstances, living trusts can help to avoid costly probate and reduce or eliminate the impact of federal estate taxes on your assets. A living trust can also replace the expensive, time consuming and restrictive process of appointing a conservator to handle your financial affairs if you become incapacitated.
