Trusts come in
various sizes and serve different purposes.
Assets held in a trust avoid going through the
Probate Court’s administration. They can be
helpful in allowing for the efficient care of
assets and taking care of individuals who may
not be able to deal with the duties of properly
taking care of property and expenses. They can
be set up in a Will or be an agreement signed
while the person(s) setting up the trust(s) are
living. Assets need to be transferred into the
name of the trustee who takes the responsibility
to do what the trust says should be done with
the trust assets.
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