11/12/2026
Trusts are an arrangement where one party holds property on behalf of another party. In an estate planning context, trusts are created by the person doing the estate planning (the settlor), who authorizes another person (the trustee) to manage the assets for the benefit of a third party (the beneficiaries).
There are many reasons for establishing trusts including tax minimization or providing for the needs of underage or incapacitated beneficiaries... Believe it or not, trusts are NOT just for the rich! Reach out to us for guidance through www.ElderLawSWVA.com to learn more on how we can help and see if a trust is right for your situation!
Jensen Huang’s $140 billion stake in Nvidia is largely held by trusts co-owned with his wife, Lori, creating added uncertainty for his financial future.