The Vision
If privacy is an issue to your family or your business, a trust that secures your family protects your privacy can be set up. If you are in a high profile situation or your business is such that you need to keep your assets and financial status private then a trust fund is a good choice for you. As long as what you are doing is legal and you pay taxes then there is no reason for John Q. Public to be able to access your legal and financial information unless you want them too.
| If you are one of those lucky few who are bringing in a serious amount of money you may want to siphon some of that into trust funds. You avoid some taxes and immediate payouts by putting some of your wealth into trust funds. Your estate and valuables will be available later for your retirement or for your heirs when you pass on. A wise idea if you want to avoid probate and estate taxes. |
Who wants to have half of what they leave behind taken by the government?