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Estate Planning, 5E by Stephen Maple

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CHAPTER9

Trusts and Wills

In This Chapter

  • How a trust works
  • Who a trust is for
  • Testamentary and living trusts
  • Selecting a trustee

Depending on the size of your estate, and what you would like it to accomplish for you, a trust can be an excellent financial tool. A trust ensures that your estate directives are carried out now, or that your assets are passed along to your beneficiaries. It can save you money, through your own funding of it and in tax strategies.

In this chapter, you learn about these and other pluses of having a trust. There are a few drawbacks, too. I talk about those as we go along.

What Is a Trust?

A trust is a legal instrument ...

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