A trust is a legal relationship whereby one person or institution owns, manages, invests and uses property for the benefit of other persons. At one time the term trust conjured up images of substantial wealth. But so did investing.
Some people believe a trust is anything but practical . . .
Minimize or avoid probate costs and delays. Provide greater financial security for families. Assure peace of mind in knowing wishes are accomplished. Control future property ownership. Provide meaningful support for important charitable institutions such as the Medical College of Wisconsin.