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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Anonymous 0 Comments

Engage adequately trained legal and financial professionals. Even state to state is different, let alone country by country.

Don’t ask the internet. Ask a professional local to you.

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