Subscribe Now

The Magazine

Northshore October 2025
Trusts are an effective, but sometimes misunderstood, estate planning device. The uses of trusts vary—they can provide multiple benefits, including estate planning benefits, wealth perpetuation, and asset protection. But what is a trust and how does it work? A trust is, at its essence, a gift with strings attached. Two primary parties exist when a trust is set up: the trustee who holds the title to the trust property?and the beneficiary who receives the beneficial interest in that property. Between the two of them there is a legal binding agent, a glue, known as a fiduciary duty. A fiduciary duty is a legal responsibility to put t
Already a subscriber (including print subscriptions)? LOG IN HERE

Keep Reading — It's Free to Join

You've reached your limit of free articles this month. Create a free account to continue reading Northshore Magazine content and get our weekly email newsletter.

Want full access and a print subscription? Subscribe now.