We use, whenever possible, State Approved formats, that conform to each individual State's Laws . A Trust is nothing more than a legal entity that holds title or ownership to your property and assets. When you create a Trust, you transfer ownership of all your assets to the trust, however, you DO NOT relinquish any control. You still have total freedom to invest, buy, sell or borrow, in any way, at any time. It also enables you to pass on property after your death to family, friends and others through the appointment of someone you trust to make certain your property goes to the loved ones you choose.
Trusts gain their unique powers from the Constitution of the United States of America.
And a trust is a contract. In the eyes of the law, it is considered a legal person. A Revocable Trust can be amended or revoked at any time without penalty. An Irrevocable Trust can never be amended or revoked ever. Revocable Trusts are the recommended version for the majority of people.