What you should know about your trust and insurance policies.   Trusts are commonly used structures for wealthy families. Your attorney may recommend that you place all of your assets in a trust. This trust will preserve your assets against lawsuits and against the need to “spend down” to qualify for financial assistance. It also allows your assets to pass to your beneficiaries without going through probate. Before you put all of your worldly goods in a trust, you need to know how it will … [Read more...]