Jessica M. Pannell, J.D., a partner in the firm of Conway and Pannell PC since 2008, began her career as attorney joining in practice with William Conway in 2001, bringing a... more
Jessica M. Pannell, J.D., a partner in the firm of Conway and Pannell PC since 2008, began her career as attorney joining in practice with William Conway in 2001, bringing a professional specialization in handling trust administration and probate issues. Ms. Pannell was awarded a bachelor’s degree in Psychology from North Carolina State University in Raleigh, NC, in 1996. She then earned a par... 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.