Get our app
Account Sign up Sign in

Start Your Estate Plan

Get the documents and legal help you need to plan your estate.

Start Your Estate Plan

Get started

Although different trusts may be created to serve different purposes, trusts generally have several core components:

  • Grantor: the person or entity who creates the trust.
  • Beneficiaries: the individuals or entities who will receive benefits from the trust, beneficiaries sometimes include the grantor and sometimes other parties.
  • Trust Assets: the property transferred into the trust, usually by the grantor.
  • Trustee: the person or entity who manages the trust assets and makes distributions to the beneficiaries in accordance with the terms of the trust. Choosing the right trustee is important.
All trusts are either intervivos (created during your lifetime), or testamentary (created under your Will and established at the time of your death).


This article contains general legal information and does not contain legal advice. Rocket Lawyer is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.

Ask a lawyer

Our network attorneys are here for you.
Characters remaining: 600
Rocket Lawyer Network Attorneys

Try Rocket Lawyer FREE for 7 days

Start your membership now to get legal services you can trust at prices you can afford. You'll get:

All the legal documents you need—customize, share, print & more

Unlimited electronic signatures with RocketSign®

Ask a lawyer questions or have them review your document

Dispute protection on all your contracts with Document Defense®

30-minute phone call with a lawyer about any new issue

Discounts on business and attorney services