The Klein Trust

The Klein Trust is a legal arrangement in which an individual, known as the grantor, sets aside assets for the benefit of specific beneficiaries. This type of trust can serve various purposes, such as managing wealth, protecting assets from creditors, or minimizing taxes. The grantor typically appoints a trustee to oversee the trust, ensuring that the assets are managed according to the grantor's wishes. It provides a way to control how and when beneficiaries receive the assets, allowing for tailored financial support across generations.