CRAIG A. MUNDY, attorney and certified public accountant Craig Mundy was admitted to... more
CRAIG A. MUNDY, attorney and certified public accountant Craig Mundy was admitted to the Florida and U.S. District Court, Middle District of Florida, and began his legal career in 1991. He obtained his Bachelor of Science degree, cum laude, from Florida State University in 1986, was certified as a Certified Public Accountant in 1989, and obtained his Juris Doctor from Florida State University,... 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.