Kyle has authored a nationally-syndicated newsletter for Estate Planning attorneys... more
Kyle has authored a nationally-syndicated newsletter for Estate Planning attorneys since 1995. In addition, Kyle has written for and been quoted in a number of industry publications, including Trusts Estates magazine, The National Law Journal, Lawyers Weekly USA, Broker World, Kiplingers Personal Finance, Kiplingers Retirement Report, Wealth and Retirement Planner, Inc. (magazine), The Kansas ... 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.