Now with over twenty years of law practice following my accounting practice years,I have evolved the focus of my practice to become a law firm that puts an emphasis on aclient's... more
Now with over twenty years of law practice following my accounting practice years,I have evolved the focus of my practice to become a law firm that puts an emphasis on aclient's individual and unique desires in all aspects of their legal needs including differentiation of bequests to heirs and desires for being good stewards through planned giving as well as consideration of one's personal test... 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.