Trust Services How we can help Here are the main benefits of including a trust in your estate plans:To reduce estate taxes liabilityTo protect property in your estateTo avoid probateTo have control of how your money is distributedCreate a lasting financial legacy Should you consider a trust? Trusts can be created for many reasons. In general, trusts may be more useful for people who have assets of $500,000 or more to dedicate to the trust. While that sounds like a substantial amount of money, it can be surprising how quickly assets add up. Use the Gross Estate Worksheet to determine your estate's value.Here are some examples of when you might consider a trust:Provide for a loved one with special needsTake care of your children financially should something happen to youPass wealth to your grandchildrenGive to your favorite charityCreate substantial tax savingsChoosing a trust that is right for you*Selecting a trust is unique to each person's circumstances. It depends on the benefits you want and what you hope to accomplish with your trust.There is great variety in the world of personal trusts, and some are better suited for certain situations than others. To compare the benefits of different types of trusts, visit the Trust Comparison Chart.Choose a type of trust to learn more:Irrevocable Life Insurance TrustRevocable Living TrustSpecial Needs TrustCharitable Remainder Trust*Legal documents are prepared by our Professional Associate.Neither NEXT Financial Group, Inc. nor its Representatives give tax or legal advice. This material is not intended to replace the advice of a qualified tax or legal professional. Before making any financial commitment, consult with your tax or legal adviser.