The Law Office of
Diane H. Gold
  A trust is a document that outlines how assets of the trust are to be managed and distributed by the trustee. The use of trusts is also a great way to reduce estate taxes, protect assets from creditors of those you love, and manage assets for people who are unable to manage their own assets or are simply too young or inexperienced to have control over a large amount of money.  
  Revocable Trusts are often used to avoid probate (Please read more about Probate). By drafting revocable trusts and funding the trusts during your lifetime, you can maintain control of your assets and still have assets distributed to your survivors without having to go through the courts. If you choose, you can revoke the trust at any time until your death; that way you maintain even more control over the assets in the trust  
  Irrevocable Trusts are a vehicle that can be used to reduce or eliminate estate taxes. Irrevocable trusts can also help when planning for MassHealth eligibility.  
  Supplemental Needs Trusts and Special Needs Trusts hold assets to enhance the quality of life for people on governmental assistance such as Supplemental Security Income (SSI) and Social Security Disability Income (SSDI). The trustee is instructed to use the trust assets to supplement and not supplant services the beneficiary already receives so that income and services are not reduced.