Start A Trust
How We Help
*The image is only a portion of the document and will work with the full document after purchase.
We only draft legal document making it easier for you to start organizing your prototypes into a trust.
The trust will become the legal owner once you formally assign the inventions into the trust.
You will be provided with attorney-designed and a state-specific document for your trust/estate planning.
This is designed to help those who want a more affordable way to start a trust than traditional estate planning services.
What is a trust?
A trust is a legal arrangement where one party (the trustor or grantor) gives another party (the trustee) the right to hold and manage assets for the benefit of a third party (the beneficiary).
Funding the Trust
- The grantor transfers assets into the trust — this could include:
- Copyrights
- Prototypes
- Design/Sketches
- Inventions
- Art
- Business interests
- Personal property
- Once transferred, the trust legally owns the assets, not the grantor.
Why Use A Trust?
- Avoid probate (court process after death)
- Reduce estate taxes
- Control how and when assets are distributed
- Protect assets from creditors or legal claims
- Provide for minors or individuals with special needs