Family trust

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Organisation, Family Emergency Binder, Funeral Planning Checklist, Revocable Living Trust, Estate Planning Checklist, Retirement Strategies, Retirement Advice, Emergency Binder, Living Trust

When most people hear “trust fund,” they think of wealthy people living in fancy estates. But that isn’t always the case. Trust funds are helpful for estates of varying sizes. But before you set one up, it’s best to understand what it is and what it can and can’t do.

Josh Rincon on Instagram: "Don’t let your parents give you their House 🤯‼️

Living trusts help you avoid probate’s delays and fees when passing your house to your kids.  They can also potentially lower your estate taxes by excluding the house’s value.  Finally, a step-up in basis through the trust can minimize capital gains taxes for your children if they sell the house later.  Consult with an estate attorney to ensure the trust is set up correctly to maximize these benefits. 

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#moneyhacks #financetip #moneysavingtips" Living Trust Vs Will, Setting Up A Trust, Buying House, Capital Gains, Vacation Wishes, Family Trust, Living Trust, Tax Tips, Saving Hacks

Josh Rincon on Instagram: "Don’t let your parents give you their House 🤯‼️ Living trusts help you avoid probate’s delays and fees when passing your house to your kids. They can also potentially lower your estate taxes by excluding the house’s value. Finally, a step-up in basis through the trust can minimize capital gains taxes for your children if they sell the house later. Consult with an estate attorney to ensure the trust is set up correctly to maximize these benefits. #estateplan…

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