TRUSTS & MORE

Physician's Money Digest, July31 2003, Volume 10, Issue 14

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.