Barbara E. Scramstad has been a member of the California Bar since 1992. Prior to... more
Barbara E. Scramstad has been a member of the California Bar since 1992. Prior to obtaining her law degree, Ms. Scramstad earned bachelors degrees in both French and Political Science from California State University, now Cal State East Bay, spending a year abroad in Aix-en-Provence, France. In May 1992, she graduated from McGeorge School of Law in Sacramento. From 1997 until 2010, Ms. Scra... 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.