Do I Need a Trust? Maybe Not!

Do I Need a Trust? Maybe Not! | Michael Fedele

Often we are contacted by individuals who want to set up a trust; they come to us convinced that they need a trust because of something they heard on tv or saw online. Usually, these individuals are misinformed about the absolute necessity of a trust, and they are not aware of other less expensive options that are a better fit. This is especially the case in a place like Long Island where the greatest asset a person has is usually their home. When total assets are minimal, a trust is not always the most appropriate solution.

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