By Paul Morrone CFP®, CPA, MSA
If you Google ‘what is a trust’ you will get over a billion hits (I tried it, it was 1.070 billion), which is hard to digest in one sitting. You’ll see references to various trust types, of which there are many, each that serves a very specific purpose. There will be articles about estate taxation, charitable giving, life insurance, business succession and dynasty trusts as you scan the deluge of information available online about such a broad topic. Technicalities and advanced planning topics aside, what is a trust?