What is Trusts?

Trusts are legal arrangements where one party (the trustee) holds and manages assets or property for the benefit of another party (the beneficiary). They are commonly used for estate planning, asset protection, and charitable giving. Trusts can help manage assets for minors, individuals with disabilities, or those who may not be able to manage their own finances. They can also be used to avoid probate and provide for the smooth transfer of assets after death.