Video Blog: What Benefits Does A Trust Offer?

Attorney Jeffrey P. Coleman lists some of the benefits of creating a trust in an estate plan.

Video Transcript:

The benefits of the trust can often depend on the terms of the trust. It’s important that any trust be crafted and customized to your particular concerns.

Among the benefits are the potential avoidance of probate, clarification of spousal rights and creditor rights, and appropriate passage of funds to children when they reach ages in which it is appropriate for them to receive a substantial amount of money.