Kiplinger

What Type of Trust Solution is Best for You?

Over the years, I have recognized that much of the estate planning we do at my firm involves trusts. Trusts are valuable structures that allow you to maximize tax-planning opportunities within your estate plan, spell out specifically how you want to distribute your assets, and ensure that your vision for your legacy is carried out faithfully.

However, people make one common mistake when setting up their own trusts: They pick the wrong person (often a family member) to administer it when the time comes. What's wrong with naming a trusted member of your family or a close family friend to handle your affairs

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