The Woodlands, TX estates & probate attorney Steven C. Earl discusses the benefits of setting up a trust. A trust serves as a highly durable estate planning tool. It possesses the flexibility to accomplish various tax-related objectives as desired by the client. Furthermore, it offers protection for assets bequeathed to children, safeguarding them from judgment creditors and legal disputes in divorce proceedings. Trusts can also be structured to provide financial support to children in a manner resembling the decisions parents would make if they were still present. Moreover, trusts can facilitate the transfer of assets to grandchildren as well.