Non-Tax Reasons that You May Need a Trust in your Estate Plan.
We’ve all heard of “trust fund babies” and know its negative connotation. But trusts are not just for the rich and famous. In fact, with current estate and gift tax exemptions at a high of $11.4 Million, most people are not even planning around estate taxes anymore. Yet revocable living trusts are growing, despite this change. Here are the primary reasons why: