Family Trust

A family trust is a legal arrangement where a person (the grantor) transfers ownership of assets—like property, investments, or cash—to a trustee, who manages them for the benefit of designated family members (the beneficiaries). It helps control how assets are used and distributed, provides potential tax benefits, and can protect assets from creditors or in case of future legal issues. The grantor can set specific rules for the trust's operation, and upon their death, the assets are distributed according to the trust's terms, often avoiding probate.