A Trust is a legal document that acts similar to a Will but with greater flexibility. A Trust enables you to distribute your assets in a manner you see fit while you are living and after you pass away – and without your estate having to pass through probate court upon your passing. A Trust can also enable you to control under what circumstances the assets and property in the Trust are distributed.
There are also different types of Trusts such as an Irrevocable Trust and a Revocable Living Trust. To ensure you choose the type of Trust that is right for your needs, and to ensure your Trust is drafted properly, it is best to work with a lawyer who is skilled in estate planning law and has experience working with all types of Trusts.