A common misconception is that only the wealthiest of people need a Trust to protect their estates. The truth is, anyone can benefit from the establishment of a Trust, and setting one up is easier than you might think.
Trusts are very flexible devices that are used for a number of reasons: to protect minor children, to protect the assets of a person, to plan for a disability, to save estate taxes. Most often, the Trustee is the same person who created the Trust, and maintains control over all of the assets within the Trust, and the way in which they are to be distributed. Trusts still remain one of the best ways to ensure that beneficiaries receive the maximum amount of wealth from the estate as possible, and if properly established, will eliminate the need for Probate.