Attorney Eric S. Gullotta is a Sonoma County native. His firm, Gullotta Law Group,... more
Attorney Eric S. Gullotta is a Sonoma County native. His firm, Gullotta Law Group, was founded in 2009, and focuses on estate planning and taxation law. The office is a proud supporter of Prestwood School PTO, Sonoma Valley Education Foundation, Sonoma Valley Little League, and Becoming Independent, where Attorney Gullotta sits on the Board of Directors. Mr. Gullotta writes a monthly column for... 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.