Overview of Trusts

A trust is a separate legal entity created for a defined purpose.  In estate planning that purpose is often to reduce a taxable estate or to care for loved ones who are unable to manage their finances.  Trusts can be a great tool to accomplish your goals. The person who creates the trust is called the grantor or settler.  The trust is created as either a revocable or irrevocable trust. If a trust is revocable the Read More