Answer:
Wealthy individuals and families have long used different types of trusts to pass on their assets at death. Properly-structured trust instruments can eliminate the need for probate court and the publicity that comes with it while offering tax planning opportunities and a mechanism for the trust creator to exercise some control from beyond the grave. In states that allow for “dynasty” trusts, grantors have additional flexibility to provide for future generations and protect wealth from creditors.
Explanation:
