Video Blog: What Are Trusts?

Attorney Jeffrey P. Coleman explains what a trust is and lists some examples of the different types of trusts that exist.

Video Transcript:

Trusts are another way of holding assets or moving assets from point A to point B.

A trust can be created under the terms of your will or it can be a separate living or revocable trust or even a revocable or special needs trust.

There are many different types of trusts but you will need to counsel with an attorney in the creation of the trust and then work towards the funding of that trust by transferring assets into it.