There are many different types of trusts. In general, a trust is an agreement to transfer property. Unlike a will, a trust may be put into effect during a person’s life. Though a trust may become active after death, like a will, the best use of a trust is during one’s life. The sooner you have a trust the better, because the longer you have a trust, the more taxes you can avoid when transferring your property to your children or other heirs. This particular use of a trust is just one of many ways a trust may function to protect your assets and facilitate efficient transfer of your money to your heirs. At Peabody Law Firm, we will identify the best trust solutions for your specific needs. Trusts can be complicated, but our trust attorney in Southlake is happy to explain complex solutions in an easy to understand way.