We wanted to take the time to share a quick excerpt from the Agribusiness Blog and point you to their full article for some very insightful reading that pertains to a number of areas in which we serve. We hope you enjoy the read!
A few weeks ago, Paul and I spoke at Top Producer regarding estate planning and the various types of trusts that can fit into these plans. Finally, in the second session as the last item in the Q & A period, someone finally asked the question…What is the dollar amount at which I need to have a trust? The answer is “it depends”. Whether you need a trust is about dollars, but it’s also about several other things including control, asset protection, and family relationships. There are also individuals that will “sell” you a trust (and sometimes an expensive and complicated one) regardless of need, so be careful and thoughtful in your planning.
Read the full article from Agribusiness Blogs of CLA Blogs at https://blogs.claconnect.com/agribusiness/do-i-need-a-trust/.