Trusts

Trusts are estate-planning tools that can replace or supplement Wills, as well as help manage property during life. The person who manages the Trust is called a Trustee. The Trustee follows the mandates of the Trust in making the distribution of a person’s property by transferring its benefits and obligations to different people either through payment of income or payment of principle. There are many reasons to create a Trust, making this property distribution technique a popular choice for many people when creating an estate plan.