What is a Trust?
A trust is like a safe for your assets.
You place your property, money, or investments into it, and the trust instructions dictate who gets them, when, and how.
Trusts can avoid probate, protect privacy, and even reduce taxes in some cases.
There are different types of trusts:
revocable,
irrevocable,
special needs,
and more.
The right trust depends on your goals.
For example, a revocable trust is flexible and can be changed during your lifetime, while an irrevocable trust is permanent but offers stronger asset protection.
Even if a trust sounds intimidating, a lawyer can guide you step by step. Think of it as a tool to simplify life for your family and ensure your wishes are honored.