When it comes to estate planning, few tools are as powerful—or as misunderstood—as the trust. Many people assume that a will alone is enough to protect their family, but a trust offers benefits that go far beyond basic inheritance planning. If you’ve ever wondered “What is a trust, and do I need one?” this guide will walk you through the essentials.

When it comes to protecting assets and planning for the future, irrevocable trusts are one of the most powerful tools available. Unlike revocable trusts, which can be changed during your lifetime, an irrevocable trust is permanent. While that may sound intimidating, it comes with significant benefits for families looking to preserve wealth, reduce taxes, and provide long-term security.