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What is a trust?
What is a trust? “What is a trust?”, is one of the most commonly asked and searched for estate planning questions. A trust is a powerful legal arrangement designed to protect and manage assets for the benefit of individuals or families. A trust is operated under the guidance of a trustee, who ensures that the assets are used according to the wishes of the person who established the trust (the settlor). Trusts offer numerous advantages, primarily centered around their ability to provide long-term financial security, flexibility, and certainty. One benefit of a trust is that it can ensure assets are safeguarded and managed effectively, even after a person passes away.…