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

Get a lawyer. Check if your work gives you legal insurance as a benefit. Often, estate planning is a free benefit, and it is only a few bucks a month. If you choose not to continue the insurance after, you still saved a lot of money.

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