A readily available document offering a template for establishing a legal arrangement where assets are held by one party for the benefit of another, accessible in a portable document format and obtainable without cost. The document typically contains pre-written sections requiring completion with specific details regarding assets, beneficiaries, and trustees, intended to facilitate the creation of a basic legal framework for asset management and distribution.
The accessibility of these documents offers individuals a preliminary step in estate planning. They provide a foundational understanding of trust structures and enable proactive consideration of asset protection and inheritance strategies. Historically, access to legal documents required expensive legal consultation; these resources democratize access to basic estate planning concepts and tools. However, users should recognize the limitations involved when leveraging such documents.
