Individual Trusts

Learn about individual trusts and how these personalized estate planning tools can help manage assets, avoid probate, and protect your family's financial fut...

How do individual trusts differ from joint trusts for married couples?

Individual trusts are created by one person to manage their personal assets, while joint trusts are established by married couples to manage shared property together. Individual trusts allow for more personalized control over specific assets and can be useful when spouses have different estate planning goals or want to maintain separate management of certain properties.

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Differences Between Individual Trusts and Joint Trusts

Individual trusts provide full control and privacy for a single person, while joint trusts simplify management for couples. Each has unique benefits and drawbacks based on personal circumstances and estate planning goals.

SimplyTrust EditorialFebruary 17, 2025