Who are using Family Trusts to protect their homes?

Posted: 07.03.2015

Many adults mistakenly believe that family trusts are not for them

You might think they're geared towards the wealthy one-percent, an elite group with a lot of money and assets to protect. But this is hardly the case. While it's true that immense wealth often requires myriad trusts and a great deal of administration, there's no rule saying that those with modest assets should forego these same protections. And you may be surprised to learn how many people have already taken the leap and decided, at the very least, to create a family trust for a primary residence. This action holds your home in trust for your beneficiaries, ensuring that loved ones aren't left in the lurch following an unanticipated accident or illness that leads to death.

Professional Contractors are doing it

So who is utilizing these asset protection measures? Many professionals not only have a residence they want to place in a family home trust, but they are also building retirement accounts, they have life insurance policies, and they own other assets that can benefit from the protections afforded by family trusts.

Hard Working Families are doing it

Anyone wise enough to invest disposable income can use a family trust to protect their home and other assets. And the truth is that you need not be the stereotypical business professional to benefit from family trusts. Many hardworking adults can utilize such measures to protect their families from loss in the event of an untimely demise.

Small Business Owners are doing it

Whether you're a small business owner, you work as a contractor, you're a professional working for an established company, or you earn a living some other way, you should consider what you stand to gain by using a trust to protect your main asset, if nothing else. You worked hard to come up with the money needed to purchase a family home, and you want to make sure it stays with your family even when you're gone. And it could be a lot easier and less expensive than you imagine.

Setting up your own Family Home Trust is now easy

With online services, you can quickly and easily set up your family home trust in no time at all by simply entering the necessary information and paying a one-time fee, provided you qualify. And when it only takes fifteen minutes to complete the process, there's really no excuse not to create the family trust that will best protect your home. Plenty of homeowners and professionals before you have taken this crucial step to protect a family home and other assets for loved ones, so there's no reason you can't enjoy the same hassle-free experience.

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