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

One talks to an estate planning lawyer, because they have the experience in setting up trusts with your local laws. Legal advice on the internet is worthless.

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