What's a Trust?

A trust is a legal arrangement where a "grantor" transfer legal title to property (e.g. real estate, investment accounts) to a "trustee." The trustee holds the property for the benefit of the beneficial title holder or "beneficiary." The trust sets forth the terms and conditions by which the trustee is to manage the property held in the trust. Most trusts have one set of beneficiaries during the grantor's life and a different set after the grantor's passing. Trusts can be established for a variety of purposes including avoiding probate, reducing estate taxes and providing creditor protection. This content is restricted to site members. If you are an existing user, please login. New users may register below.

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