THE NUTS AND BOLTS OF TRUSTS

There are many estate planning goals that cannot be accomplished without using a trust.� This tutorial presents some basic definitions and concepts common to all types of trusts, then examines in more detail the design and function of a simple living trust.�

Some Terms and Concepts You Will Need to Know How a Typical Simple Living Trust Works in Life The Advantages of a Simple Living Trust How the Living Trust Continues to Work After Death Choosing an Appropriate Trustee Arrangement Trusts are Valuable Estate Planning Tools

Because most people are unfamiliar with the topic of trusts, let's start by explaining some key terms.