John T. Griffin is board certified by The Florida Bar as an expert in Elder Law. Mr. Griffin is a partner in the law firm of Griffin Griffin. Mr. Griffin practices in the area of Elder... more
John T. Griffin is board certified by The Florida Bar as an expert in Elder Law. Mr. Griffin is a partner in the law firm of Griffin Griffin. Mr. Griffin practices in the area of Elder Law, Estate Planning, Guardianship, VA Benefits, Medicaid Planning, Asset Protection, Elder Law Litigation and Special Needs Planning. Mr. Griffin is licensed to practice law in Florida. Mr. Griffins prof... 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.