What Is a Legal Trust? Common Purposes, Types, and Structures

Irrevocable Trusts Explained: How They Work, Types, and Uses

Without a well-structured Testamentary Trust in your Will, your child’s inheritance can become vulnerable in a divorce settlement. Once assets are gifted outright to your child, they form part of their personal asset pool. That means if their current (or future) relationship breaks down, those funds are typically taken into account in a property settlement. A properly drafted Testamentary Trust can change that. Instead of your child receiving the inheritance in their own name, the assets are hel