Jul 19, 2020 · What Is a Personal Trust? A personal trust is a trust that an individual creates, formally naming themselves as the beneficiary. Personal trusts are separate legal entities that …

With a personal trust, you transfer ownership of your assets into the trust, continue to enjoy them, and define what happens to those assets under certain circumstances or upon your death.

In this blog post, we’ll explore what a personal trust is, how it differs from other trust types, and the key considerations for customizing your personal trust.

What is a personal trust? A personal trust is a powerful estate planning tool that enables professional management of your assets for the benefit of your chosen beneficiaries.

May 21, 2024 · Explore the intricacies of personal trusts, a powerful financial tool that individuals can leverage for various purposes. From funding education to estate planning, discover the …

Jan 29, 2025 · Let’s take a closer look at 10 ways a trust can work for you: 1. Protecting What’s Yours. A trust can act as a safeguard, shielding your assets from creditors, lawsuits or …

Personal trusts are a financial agreement between three parties: the trustor (you), trustee (the person or entity managing your assets), and the beneficiaries. When you set up a trust you …

What Is a Trust? A trust is traditionally used for minimizing estate taxes and can offer other benefits as part of a well-crafted estate plan. A trust is a fiduciary arrangement that allows a …

Aug 14, 2025 · Personal (or private) trust: A general term referring to any trust set up for individual use (as opposed to a charitable or business purpose). It can be revocable or irrevocable, …

A personal trust is a legal arrangement where a person, known as the grantor, places assets into a trust for the benefit of designated individuals, referred to as beneficiaries.