BETA
Chapter 1
Writing down your wishes with a will
Chapter 2
The magic of trusts and protecting assets
Chapter 3
Healthcare and decisions when it matters most
Chapter 4
Digital legacies and modern planning
YOUR GOAL
Master of Estate planning basics for families
Ch 2 · The magic of trusts and protecting assets
hank Family Asset Protection Trusts
No probate court! Assets flow, for your loved ones, so.
hank A revocable living trust can be changed or canceled by the creator at any time during their life.
Fun Fact
Medieval trust origins: Trusts were invented in medieval England during the Crusades so knights could leave land management to trusted friends.
Glossary
trust (noun)
A legal arrangement in which one party holds and manages property for the benefit of another. In medieval England, knights utilized these arrangements to safeguard family estates while fighting in the Crusades.
A legal arrangement in which one party holds and manages property for the benefit of another. In medieval England, knights utilized these arrangements to safeguard family estates while fighting in the Crusades.
Quiz
Why would someone choose to set up an irrevocable trust despite losing control of the assets?
Quiz
During which historical period were trusts first widely used to protect land ownership?