Common Misconceptions About Trusts
A trust is an agreement that you have with yourself that sets out the instructions for how your money will be managed both during your lifetime and after your passing. In many cases, individuals will benefit from having a trust, but not everyone needs to have one. However, the more you know about trusts, how they work and what their benefits are, the easier it is to understand if you need one or not. The following are common misconceptions about trusts.