I am the founder of the Law Office of Caleb A. Petersen, LLC representing clients in... more
I am the founder of the Law Office of Caleb A. Petersen, LLC representing clients in personal injury, car accidents, probate and fiduciary litigation matters as well as guardianships. A large portion of my practice includes the highly specialized and complex area of the law that the majority of attorneys do not practice and what many refer to as adversarial probate claims. This area of the... 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.