You Want a Trust! Do You Know Why? | Series 5.7

Here are some high level concepts to find out if a trust is even necessary for you! So the first thing to know about trusts is that there is some problem they're trying to solve. (03:27) Now, the other main reason for creating a trust, outside of creating restrictions, is creating separation. (06:31) So again, if you have no problem with your kid's spouse, if you have no special needs types of problems to consider or the separation problem that a trust can solve, again, likely aren't anything that you need to be worried about. (08:37) Quote for the episode. "So for today, remember, trusts are not just for rich people or poor people. They are for people that are generally trying to solve a problem where creating restrictions (so when, who, how the money is used) or separation (so the money is not technically theirs)." (09:38) Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.