Trusts have become increasingly commonplace in estate and financial plans. A trust is a relationship whereby property is held by one party for the benefit of another. A trust is created by a Settlor, also referred to as a Grantor or Maker, who transfers property to a Trustee. The Trustee holds that property for the beneficiaries designated by the Settlor in the trust agreement. Assets held in an irrevocable trust are protected from creditors and other threats, In addition, they are not counted when determining your eligibility for Medicaid, making trusts a very valuable planning.