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Eric Thomas Carver's practice focuses on Business Entity Planning; Taxation; Estate Planning; Family Wealth Transfers; Business Entity Formations; Corporate Planning and Taxation; Limited Liability Company Planning and Taxation; Tax Controversies;...
Practice areas & skills: Trusts, Estate Planning, Probate, Tax
Jonathane Ricci is a lawyer, licensed to practice law in the states of New York and Michigan (USA) and the province of Ontario (Canada). He has a successful solo cross border law practice in Toronto, Ontario, practicing real estate law, corpor...
Practice areas & skills: Trusts, Immigration, Real Estate, Tax, Corporate & Incorporation
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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.