When it comes to estate planning and wealth transfer, most people immediately think of drafting a will or Lasting Power of Attorney (LPA). It’s a natural first step as a will details how your assets are distributed after you’re gone. However, there’s an equally crucial component that deserves just as much attention: trust. In this article, we’ll explore why trust matters, scenarios where it shines, and the profound emotional impact it has on your loved ones.

What is Trust?

At its core, trust is a legal and financial arrangement that allows you to transfer assets like property, investments, or cash to a separate entity known as the trust. This entity is managed by a trustee, who follows your instructions to benefit one or more beneficiaries.

Why does Trust Matter?

1. Privacy and Efficiency:

Trusts offer significant advantages in terms of privacy and efficiency. Imagine a scenario where...