A trust is an agreement under which money or other assets are held and managed by one person for the benefit of another. Different types of trusts may be created to accomplish specific goals. Each trust may vary in the degree of flexibility and control it offers.

Creating a trust in Washington State simply to avoid probate is typically unnecessary.

Trusts can be created to accomplish something positive or avoid something negative.Common trusts available to meet your goals include:

• Revocable Living Trust
• Charitable Remainder Trust
• Domestic or Off-Shore Asset ProtectionTrust
• Marital Trust (QTIP)
• Foreign Spouse Trust (QDOT)
• Education Trust
• Special Needs Trust
• Life Insurance Trust Pet Trust