I joined the law firm of Udall Shumwayin 1997 andam part of the firms Transactional... more
I joined the law firm of Udall Shumwayin 1997 andam part of the firms Transactional Section. - Ihavea broad based transactional practice. My real estate transactional practice primarily involves the review and drafting of purchase agreements, lease agreements, easement agreements and other documentation related to real estate transactions. - My business association practice primarily involv... view profile
EXPERIENCE: Tax and Trial Lawyer (Internal Revenue Service), Private practice of law... more
EXPERIENCE: Tax and Trial Lawyer (Internal Revenue Service), Private practice of law (over 40 years),Taught university courses in tax, estate planning and business lawLecturer and author EDUCATION: LJ.D., M.Ac., and B.S. in Business Administration, University of Arizona LL.M. in Taxation, George Washington University Certified Public Accountant, Arizona Certified Tax Specialist... view profile
A trust is an arrangement whereby someone owns and manages money or property for another person's benefit. Like a guardianship, a trustee has decision-making authority over the trust property, but no court is involved in the trustee's action–the person who creates the trust defines the scope of the trustee's power. There are many different trust types, including probate trusts, income trusts, spendthrift trusts, and educational trusts. For example, a living trust allows you to manage your property while you are alive and to direct who will manage it if you become incapable of doing so. In essence, you choose your own “guardian” in advance and avoid having the court do it for you. A trust attorney reviews the many reasons for establishing a trust with you, and can ensure your trust will be legally valid.