There are a number of ways a trust can be a useful vehicle to transfer assets upon your death. Trusts can help your children or siblings better manage their inherited assets for their children into the future. Trusts can also be used to make meaningful charitable contributions that provide you some control over the distribution of the assets held in the trust. Whatever assets you have in the trust will not be part of the probate process at your death. If you are wondering if a trust is right for you, speak with your estate planning attorney.
-Emily Helmick, Esq.