Trusts and Estates

Trusts and estates refer to the management and distribution of a person's assets after their death. An estate encompasses everything a person owned, such as property, money, and personal belongings. A trust is a legal arrangement where one party manages assets for the benefit of another. Trusts can help avoid probate—a lengthy court process following death—and may provide tax benefits. Essentially, trusts and estates ensure that a person's wishes regarding their assets are honored and that beneficiaries receive their intended inheritance efficiently and according to the individual's preferences.