Video Series · All about Trusts
What is a Trust?
A trust is a legal contract that allows you to transfer assets to a trustee to be held and administered for the benefit of a beneficial. Trusts can be structured to take effect before, after, or in case of incapacitation. There are many different types of trusts, including living trusts, revocable trusts, and irrevocable trusts
Why establish a trust?
Trusts can provide many valuable benefits to families including:
- Providing for family members if something should happen to you
- Dictating the distribution of your assets to specific beneficiaries
- Helping transfer assets tax efficiently
- Ensuring continued care of a loved one with special needs
- Insulating family wealth from lawsuits, creditors, and divorce
- Leaving a legacy