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Review: “Ms. Schaak provided the legal counsel our company needed. We were looking for a lawyer who would as a director of our company, legally speaking. She is very aware of curent legislation that could effect our business. Most...
Practice areas & skills: Trusts, Probate, Corporate & Incorporation, Wills & Living Wills, Contracts & Agreements
Review: “My wife and I recently had wills drawn up for the first time. Working with Mr. Leppard was an exceptionally satisfying experience. There were a number of difficult and somewhat stressful decisions to be made around the st...
Practice areas & skills: Trusts, Probate, Estate Planning, Wills & Living Wills, Adoption
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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.