Wealth Management | Investment Advisory | Private Trust and Wills

In the realm of estate planning, two powerful tools stand out as cornerstones for ensuring your assets are handled according to your wishes after your passing: private trusts and wills. These legal instruments provide individuals with the means to protect their legacy and secure their loved ones' financial well-being. Let's delve into the world of private trusts and wills, unraveling their significance, differences, and the vital role they play in shaping one's estate planning strategy.     A private trust is a legally binding arrangement where a person, known as the settler or grantor, transfers ownership of their assets to a trustee. This trustee then manages and administers the assets for the benefit of specific individuals or entities, known as beneficiaries. The terms and conditions of the trust, including how the assets are distributed, are outlined in a legal document known as the trust deed.     A will, on the other hand, is a legal document that outlines how a pers