Jennifer Gomez, Esq. is the founder of the Law Offices of Jennifer Gomez, P.A. She assists clients on all matters related to estate planning including wills and trusts, charitable... more
Jennifer Gomez, Esq. is the founder of the Law Offices of Jennifer Gomez, P.A. She assists clients on all matters related to estate planning including wills and trusts, charitable planning, retirement planning, elder care, veteran's benefits, asset protection, tax planning, and business planning. She has devoted her life to helping people protect what matters most to them. She believes in givi... 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.