Matthew Tracey was born and raised in North Bend, Oregon. After graduating from North Bend High School, Matthew traveled to South Bend, Indiana, where he attended the University of... more
Matthew Tracey was born and raised in North Bend, Oregon. After graduating from North Bend High School, Matthew traveled to South Bend, Indiana, where he attended the University of Notre Dame. He graduated in 2006 with a Bachelor of Arts cum laude. Matthew then attended law school at University of Oregon. During law school, Matthew discovered a passion for courtroom litigation and sought... 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.