The Woodlands, TX estates & probate attorney Steven C. Earl discusses the benefits of setting up a trust. He explains that a trust is a highly durable and versatile estate planning tool. It can be structured to achieve a variety of tax objectives that align with the client’s goals. Additionally, a trust can protect assets left to children from judgment creditors and divorce proceedings. It allows for the structuring of distributions in a manner that reflects thoughtful, parental decision-making, rather than imposing arbitrary restrictions from beyond the grave. Furthermore, trusts can be designed to pass assets down to grandchildren, providing long-term financial planning across multiple generations.