Trusts

They are often called the Swiss Army knife of estate planning due to their flexibility and effectiveness in managing and protecting assets. A revocable living trust allows you to maintain control of your property during your lifetime while providing clear instructions for its management and distribution after your passing. By creating a written declaration or agreement that appoints a trustee, you ensure your assets are properly administered according to your wishes, with detailed guidance on how they should be managed and eventually disbursed to your beneficiaries.