You don’t have to struggle with debt any longer. With the help of the experienced,... more
You don’t have to struggle with debt any longer. With the help of the experienced, understanding bankruptcy attorney at Wallace Spalding Law Office, you can get past your financial troubles. For thirty years, Wallace Spalding has been helping people like you in Louisville and Kentucky. Contact Wallace Spalding Law Office today to find out how we can help you get back your financial stability an... view profile
I am licensed in both Kentucky and Indiana and actively practice in both states.... more
I am licensed in both Kentucky and Indiana and actively practice in both states. Prior to focusing on estate planning and elder law, I had an extensive background in litigation, having handled cases in trials, and on appeal, in both states. This background allows me to help fully protect my client's interests when necessary.
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.