Trusts can be extraordinarily detailed, but the basics are simple. Essentially, they are a sort of company formed to control a set amount of money or other property. You give a professional or institution control over the property with strict instructions on what it can and cannot be used for. Trusts can be used to replace or supplement wills, and can also be useful to manage property while you’re still living.
Unlike wills, trusts do not have to be submitted through the courts. You can control the trust yourself, but should always designate one or more trustees to take over after you pass on. Setting up one or more trusts is a time-consuming process and it’s easy to make mistakes if you’re not experienced enough. I will ensure your trusts are established exactly as you wish and will last to fulfill their purpose.