The Basics of Trusts
A
trust is a legal arrangement that allows you to designate specific assets to be held, managed, and distributed according to your instructions.
A trust can give you the power to maintain control over your assets during your lifetime, and make controlled gifts to family, friends and charitable organizations, upon your death.
The key benefits of trusts are:
-
Hold, manage and
distribute your property the way you intended.
- Protect your children's inheritance.
-
Avoid the time and costly delays of
probate.
- Avoid court-appointed guardianships.
- Keep your affairs private.