A Trust is a legal arrangement that gives a third party (the trustee) the right to secure assets in favor of a beneficiary. These documents are commonly used to minimize estate taxes, as well as provide multiple benefits. For example, a trust is required to freely disburse your assets and avoid probate. Trusts may be organized in multiple ways, as well as include clear distinctions for how and when assets can be passed onto beneficiaries. Grantors can also financially plan by setting aside money for college tuition, caring for dependents with special needs, protecting heirs from future probate, and avoid certain taxation.  However, a Trust can accomplish a lot more than just protecting your property after your passing. Other benefits of trusts include (but are not  limited to):