Are you looking to set up a trust but aren't sure which one to go with? You've come to the right place, as our attorneys can help you better understand what a trust is and which one best suits your needs. 

What Is A Trust? 

As a fiduciary arrangement, trusts allow a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. Trusts can be structured in various ways and specify how and when assets pass to heirs. Before you seek a trust, you must first understand the different kinds of trusts available to you. 

What Kind Of Trusts Are There? 

The first kind of trust is a revocable trust. Generally, revocable living trusts are trusts that can be revoked at any time by the grantor, who is also the trustee and beneficiary (allowing control over the trust's assets). 

The second kind of trust is irrevocable trust. An irrevocable trust is one where the grantor is prohibited from changing or ending it after it has been created. Grantors may use such a trust to prevent creditors from taking advantage of trust assets or to limit estate taxes. 

We Can Help You With Your Trust Selection & Trust Process

Choosing a trust is one thing, but having it adequately sorted and filled is another. Don't get caught up in the legal terms and documents; let us give you a hand and secure you and the future of your loved ones. 

This is an important document to assure that your Financial Power of Attorney and Healthcare Power of Attorney have access to all the information necessary to make a fully informed decision about your care.