People can set up a family trust by reviewing the types of trusts, choosing a trustee and beneficiaries and meeting with a qualified attorney and tax adviser to complete the legal document, state and More » Business & Finance Financial Planning

A family trust is an allocation of funds or assets made to the beneficiaries with some conditions attached, according to, the U.S. government's official web portal. The family trust is managed by the trustee who ... More »

Trusts are a type of estate planning tool in which the grantor creates a fund by transferring assets and designates a trustee to manage the assets for a beneficiary. Trusts can be used by individuals with family that wan... More » Business & Finance Financial Planning

To write a living trust, organize information about assets, beneficiaries, a successor trustee and desired guardianship of children, notes LegalZoom. Organizing information before writing helps when drafting the document... More » Business & Finance Financial Planning

Some of the advantages of a living trust are being able to avoid probate and being able to name alternate beneficiaries to inherit property, says Nolo. Disadvantages of living trusts include the time they take to draw up... More »

To set up a trust, hire an attorney, select a trustee and beneficiary, and decide on the type of trust that is best for your situation. Trusts are not only for the wealthy, but for anyone who wants to maximize tax exempt... More »

The responsibilities of a trustee to a beneficiary include complying with the instructions in the trust document; keeping the trust assets separate from the trustee's personal assets and maintaining separate records; and... More »