A trust can help protect your retirement assets, especially from estate tax liability. While retirement assets are already protected from creditors by law, it is crucial to ensure that your beneficiary designations are up to date.
Leaving assets in a trust can protect them from creditors after the spouse and ensure that they are distributed to the appropriate beneficiaries. In the case of special needs children, a trust can protect the assets and prevent the termination of benefits or mismanagement of the assets.