When I went to law school I was certain that I would never, ever, not in a million years need to know anything about trusts. I was going to be an advocate for animals or children or the poor. What would I need to know about how to shelter a lot of money?
Well, it turns out I was wrong about a lot of things. First off, as a law student, you should plan to learn anything and everything—especially if it will be tested on the bar exam. Second, you just never know what you may end up needing to know. Even if I had become an advocate for animals in my professional life, fundraising for nonprofits requires some knowledge about trusts and other giving vehicles. Plus, trusts can be used for all kinds of purposes, not just sheltering money. [Read more…] about Trusts 101