How A Trust Fits Into Estate Planning Efforts
Dealing with estate planning work can leave you wondering whether you're doing enough to ensure that as much money and assets as possible end up in the places you desire. One approach that many estate planning services firms encourage their clients to consider is setting up a trust. Let's take a look at how this works and what the pros and cons are. Trusts versus Estates At its core, a trust is a fiduciary agreement involving a third party while an estate is a direct transfer of assets and powers.