I love Estate Planning because I have the opportunity to work with people to plan for themselves, their family and their legacy. Most estate plans include a revocable living trust, a... more
I love Estate Planning because I have the opportunity to work with people to plan for themselves, their family and their legacy. Most estate plans include a revocable living trust, a will, a power of attorney, an advance health care directive and HIPAA waiver. My number one priority is to ensure that the plan follows my clients' goals and values. I also work in after death trust and estate ad... 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.