How Trusts Work


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Author's Note: How Trusts Work

It's hard to warn against trust scams without casting a negative light on all trusts. But I hope this article has managed to do that. Trusts are incredibly useful tools for some people while being only mildly or not-at-all useful for others. In the IRS's annual list of "Dirty Dozen Tax Scams," there's usually something about trusts. Scammers promise tax savings that don't materialize, or simply push an expensive trust on you that you don't need. As with anything else, avoid rushing into a trust without careful consideration and advice from a trusted professional.

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Sources

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