If privacy is a concern, you may wish to create a trust instead of a will. While the creation of a will is more affordable upfront, trusts allow assets to be distributed privately, without costly court involvement. Trusts also allow for asset protection for your beneficiaries. If you are worried about a beneficiary’s inheritance being swallowed by bankruptcy, collection agencies, lawsuit, or substance abuse issues, you’ll want to opt for a trust over a will. They also offer extra protection for those beneficiaries who are minors or receiving government benefits.
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