ttorney Wade Scott believes that estate planning is a collaborative, relationship-... more
ttorney Wade Scott believes that estate planning is a collaborative, relationship-based process, not simply the filling out and filing of documents. After all, you are choosing an advisor upon whom your loved ones will depend during challenging and difficult times. Wade will take the time and make the commitment to forge a close relationship with you and your family, one that he hopes will las... 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.