Building Generational Wealth: Why Trusts Are Essential for High-Net-Worth Individuals
When people talk about building wealth, they often focus on income, investments, or real estate. But true wealth—the kind that outlives you—requires structure, protection, and foresight . That’s where trusts come in. If your net worth exceeds $1 million , a trust isn’t just a financial option; it’s a necessity. Without one, the assets you’ve worked hard to build are exposed—to probate, to taxes, to disputes, and to time itself. The Power of a Trust A trust is more than a legal document. It’s a vehicle for generational continuity —a way to ensure your wealth supports your family, your values, and your vision long after you’re gone. When structured properly, a trust: Avoids probate , ensuring your assets transfer privately and efficiently. Protects your beneficiaries from creditors, divorces, or bad financial decisions. Reduces estate taxes , preserving more of your legacy. Establishes control , allowing you to decide how and when your wealth is distributed. ...