Wills, trusts, and estates

Wills
Trusts

A trust is a legal entity created under state law which allows trustees to manage assets on behalf of beneficiaries.  They are oftentimes constructed in order to control, restrict or limit access to the trust assets.

Estates

An estate is a legal entity which is created upon either a bankruptcy filing or the death of an individual, and consists of all of the assets and liabilities of the individual.