Alex Bajwa is an attorney for small businesses and their families. His law firm, Alex BajwaLLC, is centered around the need for businesses and families to protect their assets and... more
Alex Bajwa is an attorney for small businesses and their families. His law firm, Alex BajwaLLC, is centered around the need for businesses and families to protect their assets and rights in the face of lifes unexpected events. Alex's passion is giving back to his community by serving as the President of the Dayton's Bluff Area Business Association, serving on the Twin Cities Academy School Boar... 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.