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“So, you have no restrictions on accessing the money in the trusts other than your current age?“Nope. As the trustee, I can take money out as easily as I can from my bank account.”“What are some of the other benefits to a trust?”“A trust can be used to protect assets from creditors, for estate planning as you mentioned, for subterfuge as I mentioned, and to some degree for tax benefits. It really depends on the intention of the trust when it gets established. Oh, and also the state in which the trust is based. Texas doesn’t tax any of the assets in my trusts until they are distributed, which is nice, but there are other terms that they put on trusts that might not be to your liking.”“I thought a trust had to be established in a person’s state of residency?”“No, typically, the only residency rules would apply to the trustee named in the trust, but there are ways to get around that too. Anyway, my dad’s lawyers will be able to answer all your questions and help you set up a trust when. Ithink he's ready to go."The nurse nodded. "And he doesn't have any immediate family. Lots of niecesand nephews, but no wife or children of his own. It's always hard on thefamily, when it happens on the holidays." Both women walked down the hall tosneak a peek at Wilson. For now, he seemed to be resting comfortably, afterthe extra morphine his doctor had ordered. But before leaving, the doctor hadmade it clear that it was only a matter of time.....December 4th, 1896The Wilson family home, Springfield, IllinoisEsther Wilson smiled down at her six year old son, Clement. He was excitedlyleafing through the Sears mail-order catalog. What wonders the modern worldhad to offer! Almost anything that one could imagine could be brought rightto their home. Electric lights, the telephone...who knew what wonderfulthings would come in the years ahead?Mrs. Wilson snapped out of her daydreaming, and turned her attention back toher son. "Do you see anything you would like Santa Claus to bring you.
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