A trust is an instrument in which you can transfer property to a third party known as trustee. The trustee will administer the property for the benefit of those that you identify in the instrument as beneficiaries. You determine all the provisions of the trust including who is the trustee (in some instances it can be you), the duration of the trust, the powers of the trustee, who is going to benefit from the trust and which property is going to be transferred to the trust.
There are different types of trusts including, but not limited to:
  • Revocable Living Trust
  • Irrevocable Living Trust
  • Family Trust
  • Single/Multiple Trusts
  • Marital and Bypass Trusts
  • Life Insurance Trusts
  • Special Needs Trusts
Each type of trust is unique and has advantages and disadvantages. Your particular situation needs to be analyzed in order to determine if a trust is suitable for your given situation. I welcome the opportunity to explain and answer all your questions regarding this type of documentation. Please call me to schedule a consultation. I work around your schedule with evening appointments available.