Many people think of trust funds as something only the wealthy need—but in reality, they’re an important estate planning tool for families of all sizes. A trust fund gives you control over how your assets are managed and distributed, ensuring your loved ones are cared for according to your wishes. Here’s a step-by-step guide on how to set one up.

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.