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What is a trust?

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Pro tip: A financial advisor can review your trust and answer any questions you have.

Photo provided by WealthSouth

Trusts can seem tricky, but the experts at WealthSouth have laid out the need-to-know info.

A trust:

📃Is a legal structure created to hold property to benefit an individual, a group, or entity

📃May be used for tax benefits + for personal reasons

📃Must have a grantor (someone establishing a trust), a trustee (someone holding the assets and administering them), and a beneficiary (individual or entity receiving the assets)

Here’s how to know if one is right for you.*

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