A Trust is a written document executed during your life which is intended to dispose of your personal property and real property during your life or upon your death. With either type of Trust, you will generally be required to change the title of all of your real and personal property from your name to the name of the Trust. If you set up a “Revocable Trust” you have the right to change your mind and remove the assets from the Trust back into your name. If you set up a “Irrevocable Trust” you cannot change your mind and remove the assets from the Trust back into your name. There are many reasons for setting up either type of Trust, including, tax savings, avoidance of probate of your Will in Court upon your death, and creating a long term estate plan for the passing of your legacy to children, grandchildren, great-grandchildren, and beyond.