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532: Building Generational Wealth? Don’t Lose It with This ONE Critical Mistake
BiggerPockets Money Podcast
Trust Planning and Fact Dependence
The decision of whether someone needs a trust is not solely based on assets but rather depends on specific facts. Customized distribution requirements such as staggered distributions for minor kids or dealing with beneficiaries with special needs or personal issues often call for a trust. Other situations that warrant a trust include owning properties in multiple states or being a business owner. It is not solely about the amount of wealth one has but the individual circumstances that determine the necessity of trust planning.
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