Trusts provide a variety of options to dictate how and when individuals or charities will receive their gifts. This provides greater control and protection for your assets and loved ones.
Trusts can be planned so that they only exist after you pass away, or during your lifetime. Trusts can ensure that loved ones with Special Needs are provided for, or even just to provide a loving home and care for your pets.
Revocable “Living” trusts are essentially a legal basket that you transfer all of your assets into and manage during your lifetime but are then managed by a trusted individual or professional entity once you are unable to do so due to disability/incapacity or death. If used properly, revocable “Living” trusts, have many benefits including a greater degree of privacy, and may also avoid complex probate or other court involvement.