Why Should I Create a Trust?
When most people think about estate planning, the first thing that comes to mind is creating a will. But a will can be limited in what it can do for you, and there may be other devices that can offer greater benefits to you and your family. A trust is one of these devices. Whether you are looking to protect and manage your assets, pass them on to your loved ones, or shield them from taxes, a trust can be a good option for anyone who is looking to the future. What is a Trust? A trust is a legal estate planning device that involves three parties: The creator of the trust, or the grantor, who funds the trust The trustee, who manages the trust according to its terms, and The…