Van Gils Law Firm, Wills, Trusts and Estates: Trusts, A living trust and estate planning form on a desk.

A trust is a private agreement between the trust maker and the party designated to hold the trust assets (the Trustee) and handle them according to the terms of the trust without judicial supervision (probate). There are a large variety of trusts each suited for different purposes. The most popular trust is the revocable living trust which many use instead of a will; however, a “pour over” will should be used to ensure that any assets in the trust at the time of death will be quickly placed into the trust. The probate process would then affect only those assets not in the trust and the process would be quick and simple with only one beneficiary (the trust).  For more information Email our Office.