|Articles|September 16, 2008

July31 2003
Volume 10
Issue 14

TRUSTS & MORE

Be assured:

The Book of Trusts

With the IRS cracking down onabusive trusts, many doctors are wonderingwhether they should spend themoney to set up a trust. Most trusts are legal, and can be veryuseful to accomplish a variety of goals.You can use trusts to bypass probate,keep your assets safe from creditorsand malpractice litigants, set up legitimatetax shelters, turn taxable capitalgains into tax-deductible charitablecontributions, and protect your heirsfrom predatory financial scammers., a special reportfrom the National Institute of BusinessManagement (800-453-2055;www.nibm.net), can help you navigatethrough the daunting world of trusts.

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