eli5: How does one set up a trust?

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I understand that a trust is one of the ways assets can be protected from going through probate to ensure one’s dependents have access more directly and without additional hassle, but how exactly should one go about creating one?

Edit: Thank you to everyone who said to consult a lawyer. What things would you do in preparation for meeting with a lawyer? Considerations for being well-prepared, etc.

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15 Answers

Anonymous 0 Comments

Go to an estate lawyer, who would specialize in wills, trusts and the like. Tell them what you have, who the beneficiaries and potential future ones are, what your goals are for the trust.

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