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Reply to "Estate planning - what type of trust?"
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[quote=Anonymous]A number of years ago we set up irrevocable trusts where each spouse would be the primary beneficiary of each others trust followed by our children when both spouses pass. They are also designed to protect our children (now married adults) in case of a divorce so that the dollars in trust are not part of their joint assets. Trusts can be very complicated and you should not just use some template trust as everyone's circumstance is different. You can save some time and legal fees by going on line and studying things to consider when setting up a trust so that when you meet with an attorney you are not starting at ground zero. [/quote]
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