2006-06-08 08:11:34 · 3 answers · asked by ipshome 1 in Business & Finance ➔ Personal Finance
Trusts are more flexible and you can change them more easily.
2006-06-08 08:14:21 · answer #1 · answered by Princess 5 · 0⤊ 0⤋
You don't have to be welthy to benefit from having a lining trust. I believe that they still have not passed the repeal of the "death tax" as yet. Talk to your accountant/attorney about the pros and cons. Also consider executing a durable power of attorney with your spouse so the hospitals can not take extraordinary efforts to save you without your spouses permission, otherwise the hospital and doctors may end up with all your money, and your spouse will have nothing ... they can take the house, furnishings ... everything.
2006-06-08 08:20:47 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The 2 are almost completely different...the trust exists w/whom ever was to get money and provides tax incentives for wealthy...a will nothing to it
2006-06-08 08:15:46 · answer #3 · answered by acolt4hire9 1 · 0⤊ 0⤋