How to Use Trusts for Long-Term Family Wealth Planning

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Trusts aren't just for the ultra-wealthy; they're practical tools for anyone aiming to pass assets across generations while minimizing estate taxes and avoiding probate. By placing property or investments in an irrevocable trust, you maintain control over how and when beneficiaries receive funds—like restricting access until they turn 25. A revocable living trust offers flexibility during your lifetime, letting you adjust terms as circumstances change. Pair these with a well-structured family l…