You and Your Family Are Valuable You and your family are more valuable to one another than can adequately be put into words, and that relationship is the foundation of all of the... more
You and Your Family Are Valuable You and your family are more valuable to one another than can adequately be put into words, and that relationship is the foundation of all of the Infinite Legacy℠ Planning we do, whether for personal or business purposes. Your assets are the result of your relationships, values, and knowledge, which are far more useful to those you leave behind than the assets ... 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.