Joint Trusts

Joint trusts are legal arrangements where two or more individuals create a single trust together. This allows them to pool their assets and designate one or more trustees to manage them for the benefit of themselves or their beneficiaries. Joint trusts can simplify the management of shared assets, streamline the estate planning process, and potentially reduce estate taxes. They are often used by couples, family members, or business partners who want to ensure their assets are handled according to their wishes after their death or incapacitation.