I grew up around my grandparents who lived through the depression. I was taught the value of a dollar and how important it was to save because you did not know what was going to happen... more
I grew up around my grandparents who lived through the depression. I was taught the value of a dollar and how important it was to save because you did not know what was going to happen tomorrow. My grandmother would take me to downtown Columbus when I was a child for an outing. The treat was eating at McDonald's where we ordered hamburgers to go. I can remember sitting on the State House la... 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.