Jack F. Wolf, founder and majority shareholder of the firm, was born April 16, 1945 in Philadelphia, Pennsylvania. His family moved to Pottstown in 1948, and he has lived here since... more
Jack F. Wolf, founder and majority shareholder of the firm, was born April 16, 1945 in Philadelphia, Pennsylvania. His family moved to Pottstown in 1948, and he has lived here since that time. He was educated in the Pottstown schools through tenth grade and graduated from The Hill School in 1963. Mr. Wolf attended Albright College, graduating in 1967 with a Bachelor of Arts in Political Scien... 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.