Attorney Devereaux obtained his Bachelor of Science degree in Accounting from... more
Attorney Devereaux obtained his Bachelor of Science degree in Accounting from Suffolk University before receiving his Juris Doctor from Suffolk University Law School. James has experience working in Boston and Newton law firms where he was responsible for various aspects of estate planning, probate, tax and fiduciary services. At Gosselin Law, James works in our Probate, Tax Trust Admi... 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.