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Web establishing a trust is one of the best ways to plan your estate ahead of time. Web a living trust is a legal document which places ownership and control of property into a trust, managed by a trustee for your benefit. A power of attorney allows a person to act on another's behalf in legal. Web legal document checklist for elderly parents. Understanding the different types of trusts before getting started, it is essential to understand the different types of trusts. In today’s guide, we will examine the function of a trust, discuss the types of. Each type has its specific use and. Durable power of attorney for health care. Web setting up a living trust for elderly parents can ensure your loved one is protected from fraud or mismanagement as they age or become ill.