A “Trust” is a legal relationship where the legal title of property is held by one or more persons, who are obligated to convey, apply or deal with such property for the benefit of another person. A “Trust” consists not only of property, but also the Trust document/instrument, the Trust’s beneficiaries, and the trustee, and the Trust administrator.
“Trusts” are intricate and complex estate planning documents. It is crucial for you to have the guidance, supervision, and legal expertise of a qualified estate planning attorney prior to creating a “Trust”. Our firm recommends “Trusts” as effective estate plans for many clients. However, we recommend “Trusts” only to those clients who truly need a “Trust” to accomplish their estate planning goals. In fact, many times, clients’ estate planning wishes may be more effectively achieved through less complicated means.
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