Monday, June 26, 2006

Trust planning is hot, hot, hot

The opening paragraphs of this LinkWall Street Journal article ($) could have been taken from one of Merrill Anderson's newsletters:

Not long ago, few Americans had access to, or even knew about, financial tools like 401(k)s, college savings plans and reverse mortgages. Today, many families turn to these products without a second thought.

Within a few years, the same might be said for trusts.

Often associated with the vast wealth of families like the Kennedys and the Rockefellers, trusts are finding a place in more Americans' estate plans, no matter what the size of their assets.

The article goes on to explore the non-tax benefits of trust planning. Is this the decade of the trust department? Seems like a record amount of trust topics in the mainstream press lately.

1 comment:

JLM said...

Trusts will indeed be hot, I think, because of all the money sloshing around these days.

Corporate trustees first appeared in the late 19th century, a generation or more before the estate tax.