Estate planning is extremely important for those hoping to retire in comfort, as well as protect and pass on assets to loved ones. Estate planning, while legal in large part, also has a more accessible side. You cannot do everything on your own, but you can do some things.
In the past few years, there have been enough economic ups and downs to fill a theme park. Planning your future finances when so much in the present seems up for grabs may seem like a second tier priority, but the earlier you consider estate planning, the better chance you have of protecting your assets.
First things first - a trust is a very specific relationship in which one individual, the settlor, who entrusts the management of property and/or additional assets to another individual, known as the trustee.