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Daily Archives:Monday, December 1, 2014

How To Determine Whether A Trust Will Benefit Heirs

December 1, 2014

Florida readers may wonder whether a will is sufficient to protect their assets for their heirs. Depending on a person’s assets and net worth, a trust may be a useful tool for estate-planning and asset protection. An individual with a net worth of $100,000 or more may benefit from a trust as long as at least one of the following conditions is met, according to a financial and trust planning expert.

A trust may be deemed appropriate if an individual and his or her spouse wish to maximize exemptions on their estate taxes….