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    are concerned about a child losing their inheritance in a divorce. And in today’s litigious society, trusts can be used to shield assets from lawsuits. A trust can be as simple or a
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    Trusts and private foundations aren’t just for the rich and famous like Warren Buffet or Bill Gates. Nowadays, even people of modest means are realizing the great benefits trust and foundations can provide. Read on to see if you can, too.

    There are many different kinds of trusts and foundations, but they all share a common element—control. Using them, you can control what happens to your assets while you are alive, in the event of incapacity and for generations to come.

    For instance, a trust is highly recommended if you and your spouse each have children from a previous marriage and you want to avoid any conflict when one of you passes away or becomes incapacitated. A trust can be just the thing if you are concerned about a child losing their inheritance in a divorce. And in today’s litigious society, trusts can be used to shield assets from lawsuits. A trust can be as simple or a

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    foundations can provide. Read on to see if you can, too.

    There are many different kinds of trusts and foundations, but they all share a common element—control. Using them, you can control what happens to your assets while you are alive, in the event of incapacity and for generations to come.

    For instance, a trust is highly recommended if you and your spouse each have children from a previous marriage and you want to avoid any conflict when one of you passes away or becomes incapacitated. A trust can be just the thing if you are concerned about a child losing their inheritance in a divorce. And in today’s litigious society, trusts can be used to shield assets from lawsuits. A trust can be as simple or a

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    u can control what happens to your assets while you are alive, in the event of incapacity and for generations to come.

    For instance, a trust is highly recommended if you and your spouse each have children from a previous marriage and you want to avoid any conflict when one of you passes away or becomes incapacitated. A trust can be just the thing if you are concerned about a child losing their inheritance in a divorce. And in today’s litigious society, trusts can be used to shield assets from lawsuits. A trust can be as simple or a

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    our spouse each have children from a previous marriage and you want to avoid any conflict when one of you passes away or becomes incapacitated. A trust can be just the thing if you are concerned about a child losing their inheritance in a divorce. And in today’s litigious society, trusts can be used to shield assets from lawsuits. A trust can be as simple or a
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    are concerned about a child losing their inheritance in a divorce. And in today’s litigious society, trusts can be used to shield assets from lawsuits. A trust can be as simple or as complicated as you need it to be.

    Foundations have many similarities to a trust. The main difference, though, is that foundations are designed specifically for charitable, religious, educational, scientific or literary purposes. Like a trust, a foundation allows you to control how the assets are invested, who they are distributed to and when. Plus, there are tax benefits for transferring assets into a foundation that aren’t available with most trusts.

    If you expect to leave several hundred thousands of dollars in assets to charity, a foundation may be right for you. That’s especially true if you want the assets invested and each year’s earnings distributed to a special cause.

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