Core Trust Components
The Trustmaker (also called grantor or settlor) establishes the trust.
A Trustee manages the trust assets according to specified instructions.
Beneficiaries receive assets or benefits from the trust.
Key Benefits of Trusts
Privacy Protection: Avoid public probate proceedings
Asset Control: Specify exactly how and when assets are distributed
Tax Efficiency: Potential reduction in estate tax liability
Incapacity Planning: Continuous asset management if you become unable
Asset Protection: Shield assets from creditors and legal claims
Special Needs Planning: Provide for vulnerable family members
Trust Operation
Assets transferred into a trust become legally owned by the trust itself. The trustee manages these assets according to your instructions, ensuring seamless administration during your lifetime and after death.