A native of Boston and the Red Sox Nation, David graduated from the William & Mary School of Law, where he was an editor of the Law Review and served for two years as a Graduate... more
A native of Boston and the Red Sox Nation, David graduated from the William & Mary School of Law, where he was an editor of the Law Review and served for two years as a Graduate Research Fellow (academic scholarship) for Professor Richard Hynes, researching issues in consumer bankruptcy. Following law school, David served as a law clerk at the Supreme Court of Virginia's Department of Legal ... 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.