Ask Terry Questions Starting a family trust

Starting a family trust

By Terry Savage on January 07, 2024 | Financial Planning / Retirement

Do I need an attorney or financial advisor to setup a Family trust to start generational wealth

Terry Says

Whoa — first you have to CREATE the wealth (by savings or investing or buildng a busines) and THEN you can worry about transferring wealth to future generations.

At some point you’ll need something better than a will. You will want to create a Revocable Living Trust–and yes you need an estate planinng attorney in your state to do that.
Find one at

But before you do anything along those lines, I suggest you watch this video on my home page:

Recent Financial Planning / Retirement Questions



a personal
finance question