Trusts  are an important facet of Estate Planning. In estate planning law, a trust is an arrangement which enables a person, persons, or organization (the trustees) to own and manage money, property, or other assets, for the benefit of another person or group. An effective and beneficial trust requires the skill and knowledge of an experienced Trust or Estate Planning Attorney. While the paperwork can be complex and confusing, the actual function of a trust is fairly straightforward. The Trust Creator (also called the grantor or settler) transfers his or her assets, money, or property, along with all of its benefits and obligations, to the trustees of his or her choice. The trustees then hold the assets for the benefit of those specified by the Trust Creator. These beneficial owners of the trust are called the Beneficiaries. There are many reasons to create a trust, including privacy, wills, tax planning, and asset protection, and because of this it is frequently used in estate planning. If you need to create a trust for these or any other reasons, an estate planning or trust lawyer can craft a trust that accurately reflects your wishes and the needs of your beneficiaries.

Featured Baylis Trusts Lawyer

Are You the Best of the Best at what you do? Learn how membership in the Lawyer Central Network benefits you and your clients. 1 Reservation Available Call 800-449-1970

• More families divvy up trust duties