Who should consider a cost of living trust?
An example of an AI chatbot conversation about who might benefit from a cost of living trust.
Who should consider a cost of living trust?
A cost of living trust is beneficial for individuals looking to protect their assets from inflation and ensure financial stability.
What are the main benefits of setting up such a trust?
The main benefits include asset protection, tax advantages, and ensuring that your funds keep pace with inflation.
Are there specific income levels that should consider this?
Yes, typically individuals with a higher net worth or those anticipating significant expenses in retirement should consider it.
Can you explain how it works in simple terms?
Sure! A cost of living trust allows you to set aside money that grows over time, helping you maintain your purchasing power.
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