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

A living trust is a legal, written document that details the assets a person wishes to place in the trust and includes instructions on how the assets should be distributed after the person's death, explains LegalZoom. Th... More » Business & Finance Financial Planning

A will is needed when a person wants to indicate how his property is distributed after his death, says Legal Zoom. A living trust is needed if a person wants to plan for the possibility of his incapacity or to prevent hi... More » Business & Finance Financial Planning

The special needs trust form includes names and addresses of the grantor and trustee, the trust property, and name of the beneficiary, states US Legal. The form also establishes the powers of the trustee. More » Business & Finance Financial Planning

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 »

To dissolve a trust, the trust's grantor transfers all assets of the trust back into the trust fund owner's name, completes a Revocation of Trust form and submits it to the court where the trust is filed, according to Le... More » Business & Finance Financial Planning

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 »