What is a trust and how does it work in Houston, Texas?

A trust is a legal arrangement where a trustee manages assets on behalf of beneficiaries. The person who creates the trust, the grantor, transfers ownership of the assets to the trust. The trustee then oversees and manages these assets according to the terms of the trust. Trusts provide benefits to beneficiaries, protect assets, and simplify the distribution of property after a deceased person’s passing.