Mary Witzel is an associate attorney at Dunlap Bennett & Ludwig PLLC. Her primary focus is in intellectual property law, specificaly trademark and copyright law. Her practice also includes corporate law, transactional law, and trusts and estates. ...
Practice areas & skills: Trusts, Intellectual Property, Business, Corporate & Incorporation, Estate Planning
Timothy Jacques is an associate at Dunlap Bennett & Ludwig. His practice includes business formation, landlord/tenant, real estate, residential real estate, small business, and trust & estates.
Practice areas & skills: Trusts, Wills & Living Wills, Estate Planning, Business, Contracts & Agreements
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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.