Dear [Client Name]:

If you’ve already created a will and believe that you’ve covered your bases and protected your assets, think again. A will can specify who gets your assets after you die, but what would happen if you became incapacitated tomorrow? Only a trust can manage and protect your assets during your lifetime and at death.

I recommend you consider having a trust, even if your estate is small.

A revocable living trust will not change anything as long as you are alive and able to manage your own affairs. You can make changes to the trust any time you want. Most importantly, you will retain control of your money and property until your death, and a trusted family member or friend can ensure your assets pass to your heirs without the expense of probate administration when you die.

Here’s a list of benefits that trusts can offer no matter the size of your estate:

·  Having a trust will save the high cost of probate, which might be required before the assets are transferred to your heirs.

·  A trust is constructed to survive legal challenges, so it’s a very good way to accomplish your goals and ensure that your designated heirs receive assets per your instructions without court intervention.

·  With a trust, you can prevent distributions directly to heirs who may be too young or incapable of managing their own assets.

·  As a legal entity, a trust can own many types of assets — from real estate and personal property to life insurance policies and pension plans.

·  A living trust is the smart way to ensure that your personal and business affairs are managed in the event you are unable to manage them yourself. Don’t let others make decisions for you if you become incapacitated.

·  Without an estate plan, a child with special needs may be disqualified from receiving Medicaid. A Supplemental Needs Trust can be created that will allow the child to remain eligible for government benefits.

·  Estate planning includes the use of different types of trusts for tax savings strategies.

My experience has shown me that most clients benefit from the flexibility and security that a trust affords.

Please let me know if you have any questions about taking this important step toward your peace of mind.

Sincerely,

Your Tax Professional