How to Set Up a Trust Fund — and What It Really Costs
Setting up a trust is six steps, not one signature – and the step almost everyone skips quietly cancels the whole thing. What each step actually costs.
Setting up a trust is six steps, not one signature – and the step almost everyone skips quietly cancels the whole thing. What each step actually costs.
Prince had no will; it took six years and $156.4M in dispute. Aretha Franklin had two; it took a jury four years. What a will and a trust actually each do — and why most estates need both.
Nobody counts trust funds — not the Fed, not the IRS. What a trust fund actually is, what a revocable trust does not do, what it costs to set up and to keep, and the cases where it costs more than the probate it avoids.
A trust isn’t one thing. The kind most people get skips probate but protects nothing; the kind that moves real wealth works only because you give up control. Here’s which does what.