Forming a Trust

End of Life Management Toolkit #7 | by Team Passare and Robert L. Shepard

Forming a trust is something everyone should do, regardless of estate size. Does the word “estate” conjure up images of a magnificent property with a tennis court, manicured lawns, and a swimming pool? Many people make the mistake of believing that unless they own property like Rockefeller, they don’t need to plan their estate.

While the government ultimately dictates what happens to your estate, forming a trust can help you determine how your estate and its assets will be distributed. Do you want to be the one to determine how your estate and its assets will be distributed? A common element of a basic estate plan includes a trust agreement. If you own real estate, or your beneficiaries are minors, then a trust is an important tool to consider.

Passare™ and Robert Shepard Professional Law Corporation have teamed up to provide you with an introduction to forming a trust. Our goal is to help you learn about forming a trust and to help you determine what level of planning and trust is best for your stage of life.

You will learn

1. What is a Trust

2. What is the Purpose of a Trust

3. Types of Trusts

4. Comparison of Trust Types

5. How Trusts Work

6. Summary of Trust Benefits

The eBook includes:

A. Forming a Trust Checklist

B. Example of Trust

C. Trust Glossary of Terms

Estimated Time Required:

15 to 30 minutes


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