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Show Me The Money… Later? Advantages To Leaving Your Inheritance In Trust
Manage episode 381760590 series 3327542
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After someone passes away, the executor or trustee takes on the responsibility of executing the wishes of the deceased individual and managing the estate. This role encompasses a range of duties including paying bills, settling debts, filing taxes, and possibly selling assets. When the time comes for beneficiaries to receive their inheritance, it may be tempting to swiftly utilize the funds. However, immediate usage or possession of the inheritance may expose it to various risks. Beneficiaries who receive an inheritance through a trust might have avenues to safeguard the money from existing or prospective issues.
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