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.*
