This is not high finance stuff. Some years ago we determined that we would like to set up all our holdings in a trust. The advantage for a trust is privacy in passing all the things we worked for to our heirs and not going through “probate” for all of it and letting the whole world know what we had. They (the world) know anyway but by putting it in a trust it is one step better than a will and provides for the things we want not what the state determines. It also had/has some tax advantages if it is set up and worked properly. it had some tax advantage and with the way taxes are going it may have more or less in
“And Now the Rest of the Story – “Financial Planning and wasting