Why set up a trust as you set up the plan for your estate?
A trust can be an important estate planning tool. If your assets are held in a living trust, your heirs may avoid probate, which expedites the distribution of assets and keeps the estate’s private information out of the public records. In most cases, a grantor serves as the trustee of their own revocable living trust, managing the property placed within it. Creating a trust allows you to safeguard assets from the reach of the beneficiaries’ creditors by keeping the assets out of the name of the beneficiary. By leaving assets to your beneficiaries via a trust, you can ensure that the assets you worked so hard for will be available to your children and future generations.