Setting The Facts Straights About Trusts

At the Law Office of Jon R. Disrud, we have spent over three decades invested in the interests and legacies of San Antonio estate planning clients. Our mission is to assist you in crafting a comprehensive estate plan that addresses your unique needs, which may include the creation and management of a trust. We understand that misconceptions about trusts abound, and we are here to give you the facts.

5 Common Misconceptions About Trusts

Trusts are powerful estate planning tools, yet many people overlook their potential due to common myths. Let’s address these misconceptions head-on so you can make informed decisions about protecting your assets.

Misconception 1: Trusts Are Only For The Wealthy

Fact: Trusts are for everyone. Regardless of your net worth, a trust can be an invaluable part of your estate plan. They offer a way to protect your assets and ensure they are distributed according to your wishes.

Misconception 2: Trusts Are Complicated And Expensive

Fact: While there are costs associated with setting up a trust, they are often outweighed by the financial and legal benefits of having one. Plus, with the guidance of a skilled lawyer, the process can be smooth and low-stress.

Misconception 3: You Lose Control Of Your Assets

Fact: A common fear about trusts is that once your assets are held in them, they are out of your hands. This is not the case with a revocable trust, as you can manage the assets in it as if they were yours.

Misconception 4: Trusts Are Just Tax Loopholes

Fact: Beyond tax considerations, trusts can protect your assets from creditors, provide for loved ones with special needs and support charitable causes. They are versatile tools that serve many purposes.

Misconception 5: Wills Are Enough

Fact: While wills are essential, trusts give people greater control over what happens to their property. Trusts can dictate the timing and conditions under which your assets are distributed, something wills cannot match.

Ready To Learn More About Trusts?

If you are considering setting up a trust or have any questions about estate planning, we are here to help. Schedule a free consultation with us by calling 210-569-0581 or sending us an email.