Legal Question in Wills and Trusts in Kentucky

Trust

If you have an up to date will and your beneficiary info is up to date is it necessary to have a trust? Thanks


Asked on 1/07/08, 3:02 pm

1 Answer from Attorneys

Gregory Napier Troutman & Napier, PLLC

Re: Trust

Trusts are never necessary. They are useful, however, with large estates where tax planning is necessary. They are also helpful in minimizing or avoiding probate. Finally, they can be used to extend the control of assets by the person (Testator) past their death.

If any of the above might apply, you may want to talk to an attorney to see whether a trust would be helpful in your particular situation.

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Answered on 1/08/08, 12:03 pm


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