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Trusts hold your assets and allows you to name a trustee who will manage those assets on behalf of the beneficiaries of the trust. A trust also provides specific instructions on how your assets are to be controlled and how they are to be distributed to the beneficiaries. There are several different kinds of trusts. For example, a revocable trust allows you to control your assets during your lifetime, and then appoint a successor trustee who will hold your assets for the benefit of the trust beneficiaries after you pass away. Parkway can help you decide what kind of trust is right for you.