Trusts

A trust is a legal agreement between a Grantor (the person creating the trust) and Trustee (the person managing the trust assets) that includes the ownership transfer of specified assets to the trust. A trust may manage assets transferred to a trust during the grantor’s lifetime as well as direct the distribution of trust assets upon the death of the grantor. A few types of trusts include revocable trusts, irrevocable trusts, and special needs trusts.