Published on February 27, 2014
By Duban Accountancy
Working intensively with clients to plan their financial lives and futures, Duban Accountancy utilizes a range of products and elements to structure estates, including wills and trusts. The mention of trusts surprises many people because they assume such instruments are only appropriate for the wealthiest members of society. Despite a strong association with prosperity and privilege, trusts are valuable estate-planning tools that can add security and structure to a wide variety of assets and liabilities.
A trust is simply a legal construction that attaches conditions to posthumous asset allocation. Creating a trust can diminish overall tax burden and facilitate the efficient transfer of assets to designees. In addition, trusts can offer strengthened legal protections for heirs. Despite widespread perceptions, the benefits of trusts extend to even modest estates, making them appropriate for a range of financial situations.
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