Bill Gates. Warren Buffet. Elon Musk. What Do These People Have In Common? They Have Trust.

Actually, Trusts

Yes, they use trusts for estate planning purposes. Confused about trusts? What is a trust? How will a trust benefit me? What different kinds are there? Time for answers.

Many of us may perceive trusts as a complex subject better left to wealthy people. However, a trust is simply a contract initiated by a grantor who agrees to transfer assets to a beneficiary, who then receives the assets as stipulated in the trust contract…