A trust is an essential part of any asset protection plan or estate plan. It also has significant privacy benefits. A trust is a legal arrangement that has been around for a minimum of several hundred years. Every trust, regardless of the type, has certain essential characteristics. A trust is going to have one or more trustees and some named beneficiaries. The trustees are responsible for administering and carrying out the terms of the trust. The beneficiaries are the individuals who are entitled to income or principle from the trust at either the present or some point in the future.
Read More...
[Source: Finance: Estate Plan Trusts Articles from EzineArticles.com - Posted by FreeAutoBlogger]