Will &Trust

A Trust is a legal arrangement where a trustee holds and manages assets for beneficiaries, according to your instructions.

Key Points

• Can take effect during your lifetime (living trust) or at death.

• Helps avoid probate, allowing faster and more private transfer of assets.

• Can manage assets if you become incapacitated.

• Can control how and when beneficiaries receive assets (e.g., at certain ages).

• Can be revocable (you can change it) or irrevocable (can’t easily be changed).