Trusts are a way to protect assets from probate and may be used in estate planning. A common type of trust is a living trust, where assets are legally protected while the owners are alive. Assets may be put in a trust for a child who can access them only after reaching a certain age. Trusts may be revocable or irrevocable.
How To Hold Title To Your Home
Before you buy your home, you should think about how to protect it. Purchasing adequate homeowner's insurance is one way to protect your home, but you should also think about how you're going to hold title to your new home.