TRUST, generally, is a contractual relationship between individuals and or an individual and a legal entity, like a bank. The individual wishing to place some or all of their assets and or income into the trust, is the “Settlor” or “Grantor,” the individual and or entity agreeing to hold the assets and or income is the Trustee(s). In some situations the Settlor and Trustee is the same person. The Trustee(s) must hold the assets and or income according to the terms of a “Trust Agreement.” Common objectives for trusts are to reduce the estate tax liability, to protect property in an estate from the cost of long term care and become Medicaid eligible or from creditors, and to avoid probate. We set up trusts for our clients with deep understanding of the concerns that our clients have about protecting their hard earned assets.