When it comes to securing your family’s financial future, understanding the role of trusts is essential. In this comprehensive guide, we’ll delve into the basics of trusts, exploring different types and the myriad of benefits they offer for estate planning. Understanding Trusts A trust is a legal entity that holds and manages assets on behalf of beneficiaries. It serves as an effective tool in estate planning, offering flexibility, control, and, in the case of living trusts,