Individual Trusts

An individual trust is a legal arrangement where a person (the grantor) transfers assets into a trust, managed by a trustee for the benefit of designated beneficiaries. It helps control how assets are used and distributed, often providing privacy, estate planning benefits, or tax advantages. The trustee acts according to the grantor’s instructions, ensuring assets are managed responsibly and distributed as intended, either during the grantor’s lifetime or after their death. Trusts offer flexibility and can help protect assets from certain legal challenges or taxes, making them a valuable estate planning tool.