For many investors, trusts are an ideal way to keep portfolios safer for the long term.
The hard part is knowing what kind of trusts to set up and how to do it.
Trusts can protect assets from taxes and legal threats, and provide income for family and descendants for years to come. But if a trust isn’t set up correctly, it can be ignored by the courts. Safeguards set up for family members may no longer exist, or planned tax savings may no longer be in effect.
A Guide to Picking the Right Trust