Pros and Cons of a Family Trust

A family trust can provide a structured plan for distributing assets, avoiding probate and distributing timely inheritance for beneficiaries. It can also offer tax benefits by potentially lowering the estate’s tax burden. However, setting up a trust involves initial costs and ongoing administrative tasks. Here’s a breakdown of advantages and drawbacks to help you decide. […] The post Pros and Cons of a Family Trust appeared first on SmartReads by SmartAsset.