What Is a Legal Trust? Common Purposes, Types, and Structures
What Is a Legal Trust? Common Purposes, Types, and Structures
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“Can you explain what a trust actually is?” Absolutely. A trust is a private legal entity you create to hold and manage your assets — while you’re alive and after you’re gone. Think of it like a secure box that: - Holds your property, bank accounts, or investments - Keeps everything private (no public court process) - Avoids probate entirely — meaning faster, simpler distribution to your loved ones You don’t lose control of what’s inside — you’re still the trustee while you’re living. You simply
1:05
“Can you explain what a trust actually is?” Absolutely. A trust is a private legal entity you create to hold and manage your assets — while you’re alive and after you’re gone. Think of it like a secure box that: - Holds your property, bank accounts, or investments - Keeps everything private (no public court process) - Avoids probate entirely — meaning faster, simpler distribution to your loved ones You don’t lose control of what’s inside — you’re still the trustee while you’re living. You simply
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