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Trusts work by placing assets into a trust and appointing a trustee to manage and distribute them.

1. The trustor (you) works with an attorney to create a trust document specifying which assets are included.
2. The trustor also selects a trustee and successor trustee to manage the trust after they’re gone.
3. When it’s time to distribute assets, the trustee ensures everything is carried out according to the trust's terms.