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Published by the American Bar Association (ABA), Can You Trust Your Trust? What You Need to Know about the Advantages and Disadvantages of Trusts and Trust Compliance Issues provides guidance on the questions that should be taken into consideration when deciding whether or not it makes sense for you to provide for trusts in your estate plans.
A trust is frequently seen as the alter ego of a will. Trusts are often worthwhile but can be nightmares if improperly administered. As a result of the revamping of state trust laws in many states, trustees often find themselves with more questions than they were ever prepared for, without easily discernible answers, such as: