Why a Trust Matters

A trust is a legal arrangement that allows you to place your assets under the management of a trustee for the benefit of your chosen beneficiaries. Think of it as a container for your property—one that ensures your wishes are carried out smoothly and privately, both during your lifetime and after.

Unlike wills, trusts often bypass probate court. That means:

• Faster distribution of your assets.
• Lower costs for your family.
• More privacy, since trusts aren’t public record.

How Trusts Work

Here’s the basic structure of a trust:

• Grantor – The person who creates and funds the trust.
• Trustee – The person or institution managing the assets.
• Beneficiaries – The individuals or organizations who receive the benefits of the trust.

The grantor decides how the trust should be managed and when distributions should be made. With the right trust in place, you can decide whether assets are passed immediately, gradually, or under specific conditions.

Types of Trusts

Different trusts serve different purposes. The most common include:

• Living Trusts – Can be changed or revoked during your lifetime.
• Irrevocable Trusts – More permanent, but offer greater protection against taxes and creditors.
• Special Needs Trusts – Ensure care for a loved one with disabilities without risking government benefits.
• Charitable Trusts – Support causes you care about while leaving a legacy.

Is a Trust Right for You?

A trust isn’t only for the wealthy—it’s a tool for anyone who wants to:

• Protect their family from probate headaches.
• Maintain control over how and when assets are used.
• Provide for children, grandchildren, or special needs loved ones.
• Reduce estate taxes and protect property.

Take the Next Step

If you’re unsure whether a trust is right for you, it’s wise to consult with an experienced estate planning attorney who can explain your options and build a plan around your goals.
Protect your family. Call to setup an appointment with Krugler Law. (513) 916-1600.