What are the benefits of a trust?
An example of an AI chatbot conversation about the advantages of establishing a trust.
What are the benefits of setting up a trust?
Setting up a trust can provide several benefits, including asset protection, tax advantages, and avoiding probate.
Can you explain how a trust helps with asset protection?
A trust can protect your assets from creditors and legal judgments, ensuring they are preserved for your beneficiaries.
What types of trusts are there?
There are several types of trusts, including revocable trusts, irrevocable trusts, and special needs trusts, each serving different purposes.
How does a trust avoid probate?
A trust allows assets to be transferred directly to beneficiaries without going through the probate process, saving time and costs.
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