A trust can be a beneficial part of your estate plan for transferring assets and minimizing taxes.Many people ask: What is a trust? A trust is a flexible and advantageous way for a person to leave his or her assets to future generations and simultaneously reap certain present benefits.The specific type of trust you may wish to use will depend on a host of specific circumstances.Types include living trusts and testamentary trusts, and revocable and irrevocable trusts.
