Jack wears many hats in his family. As one of seven children, Jack knows the importance of family relationships and the internal bond that holds a family together through the... more
Jack wears many hats in his family. As one of seven children, Jack knows the importance of family relationships and the internal bond that holds a family together through the inevitable ups and downs of life. When Jack and his six siblings gather at their parents’ house with their spouses and children in tow, the head count reaches thirty-six at the dinner tables, not counting the often mult... 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.