I don’t really understand trusts, or why I would need one. Can’t my will do the job?
It depends. As with most legal matters, we recommend speaking with an attorney about your specific situation, but here are just a few thoughts.
A trust can provide certain legal protections while you are alive and allows you to ensure that your assets are distributed and used as you wish after your death. It can allow your wealth to be passed in a private and timely way to your heirs. It allows you to make distributions for specific purposes and identify when assets are passed on. It can also keep those assets in your family if a beneficiary gets divorced.
If any of those are a concern, discussing your wishes with an attorney would be a good choice.