Trust Agreement

A Trust Agreement is a legal document that outlines how a person's assets—like money, property, or investments—are managed and distributed to beneficiaries. The person creating the trust (the grantor or settlor) appoints a trustee to oversee the assets according to the specified terms. This arrangement helps ensure the assets are handled privately, efficiently, and in accordance with the grantor’s wishes, whether during their lifetime or after their death. It can also provide benefits like avoiding probate, protecting assets, and managing estate taxes.