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For over 29 years, I have provided my clients professional, personal services. Today I provide my clients peace of mind when developing their wills and other family estate planning documents. I also provide business planning and consultation servi...
Practice areas & skills: Trusts, Wills & Living Wills, Estate Planning, Elder Law, Business
Carolyn White is managing partner at White & McCarthy, where her practice focuses on estate planning, long-term care planning, probate and elder law. She is certified by the Virginia Supreme Court to serve as guardian ad litem for incapacitated ad...
Practice areas & skills: Trusts, Estate Planning, Elder Law, Probate, Guardianship
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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.