A trust is a legal arrangement that allows assets to be managed for someone’s benefit. Trusts are often used to avoid probate and provide more control over when and how assets are distributed.
How a Trust Works
A trust involves:
- A person who creates the trust
- A trustee who manages the assets
- Beneficiaries who receive the assets
Assets placed in a trust are generally not subject to probate.
Why People Use Trusts
Trusts can:
- Avoid probate
- Provide privacy
- Control timing of distributions
- Help protect beneficiaries
Trusts are not just for the wealthy—they are tools for clarity and control.
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