Practicing in the trust and estate, trust and estate administration, elder law... more
Practicing in the trust and estate, trust and estate administration, elder law fields in Auburn, New York, since 1970. Prior service as a confidential law clerk to federal and state judges, as well as a 9 year term as a United States Magistration for the United States District Court for the Northern District of New York. Competent, industrious, hard-working, gives 100% to each client, always p... 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.