For over the last 38 years, Mr. Fromm has been dedicated to assisting his business clients in taking care of their tax, financial, business and legal affairs. He has been involved with... more
For over the last 38 years, Mr. Fromm has been dedicated to assisting his business clients in taking care of their tax, financial, business and legal affairs. He has been involved with individual clients concerning their financial, retirement, estate and family concerns. He has assisted families deal with the legal and practical complexities of a family member's death, the related estate admi... 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.