Myth: Trusts are only relevant or useful after a person dies, functioning solely as tools to distribute assets like a will. Many people assume that the primary, if not the only, purpose of a trust is to avoid probate and

Myth: Trusts are only for large, complicated estates of the very wealthy.  

Movies:

1. The Descendants (2011) – George Clooney’s character, a wealthy landowner, is the trustee of a massive family trust that controls valuable Hawaiian real estate. 
2. Arthur (1981 &

Myth

A Will is sufficient because it clearly outlines how assets should be distributed after death. It seems straightforward: list your beneficiaries, name an executor, and you’re set. This simplicity leads to the assumption that no other planning tools, like …