#transferringassets

Do you imagine majestic mansions and party yachts when you hear the term "trust fund"? A trust fund, or trust, is actually a great estate planning tool for a wide variety of individuals with varying incomes who want to use their money for a particular cause.

A trust is a vehicle for the transfer of assets. They are particularly beneficial for parents of minor children and individuals who want to avoid the bother of going to court in the case of their incapacity or death.

And why would you want to avoid court (sometimes referred to as avoiding probate)?