Written by The Law Firm of Christopher W. Dumm
If you are in the process of building your estate plan you have probably heard about the benefits of placing your assets in a trust.
This route is often recommended for those wary of costly and complex probate procedures or the danger of estate taxes gobbling up a chunk of your life’s work. These are both good reasons to consider a trust in place of a traditional will; however, without proper planning doing so can expose you to other, equally costly risks.
So, what is a trust, how does it work, and what do you need to know about it as you go through the process of estate planning? Read the full breakdown on trusts here.
At the Law Firm of Christopher W. Dumm, we bring decades of experience to both trust creation and liability protection. The worst thing you can do when building an estate plan is inadvertently expose yourself and your loved ones to unseen risks which is why you should reach out to our office today to talk about solutions to your unique situation.