Kryptonite has long been hailed as the imaginary evil force working against Superman, weakening his strengths and allowing others to prevail over him. As evidenced by the movies and television shows, Superman finds it difficult to overcome the threatening nature of kryptonite. It often cripples him and nearly prevents him from accomplishing necessary duties.
You may be asking yourself, "What does kryptonite have to do with a Revocable Living Trust?" At Worsham Law Firm, we believe the parallels are stronger than you might think. Similar to kryptonite, life without a trust can be debilitating, both for you and your loved ones.
Why is it so important to establish a Revocable Living Trust?
For years, trusts had a reputation of only being used by the rich and famous – the Rockefellers, for instance. In today's day and age, all that has changed. Trusts have become a fundamental aspect of estate planning, with ordinary people using them to protect their assets and plan for the future.
Unfortunately, it is not uncommon for people to put off establishing a trust until it is too late. Suddenly, the future is upon them and they no longer have a say about their wealth. The lack of a trust quickly becomes crippling, similar to the effect kryptonite had on Superman.
If you are getting on in age, the time to create a trust is right now. The benefits of doing so are immense and include:
- Avoiding estate and gift taxes
- Avoiding probate
- Determining who gets your assets and when
- Supporting charities
- Appoint a reliable individual to manage your trust
You deserve to remain in control of your assets and a trust can help you do exactly that. Rather than letting the future weaken the wealth you've worked so hard for, why not set up a force field around it by establishing a trust? Think of a trust as your own unique superpower – one that Superman certainly never had.
Our firm would be delighted to review your finances and help you create a trust unique to your circumstances. Don't put it off another day; call our Springfield estate planning attorneys now to get started.