Understanding Trusts
A trust is a legal arrangement that allows you to control how your assets are distributed, both during your lifetime and after your death. Unlike a will, a trust can help you avoid probate, maintain privacy, and provide ongoing management of your assets.
There are two main types of trusts: revocable and irrevocable. A revocable living trust allows you to maintain control and make changes throughout your lifetime, while an irrevocable trust provides stronger asset protection and potential tax benefits but cannot be easily modified.
Trusts are particularly valuable for families with minor children, blended families, high-net-worth individuals, or anyone who wants to ensure their assets are managed according to their specific wishes. Our eState platform makes trust creation straightforward and comprehensive.