Trust Document

A Trust Document is a legal agreement that sets up a trust, a relationship where one person (the grantor) transfers assets to another (the trustee) to manage for the benefit of designated individuals or organizations (beneficiaries). It details how the assets are to be managed, shared, and distributed, both during the grantor’s lifetime and after their passing. Essentially, it serves as a blueprint for managing and protecting assets according to specific wishes, providing clarity, control, and potential tax benefits, while also ensuring that assets are handled properly for the designated beneficiaries.