There Are Many Different Types of Trusts
There are a range of trusts for addressing a family’s financial stability and future needs. Simply downloading forms from the internet will not provide the legal security and peace of mind that working with an experienced estate planning lawyer will provide.
A trust is a complex document with precise steps and legal language. Once the documents are drafted, reviewed and signed, assets must be transferred to the trust in order to properly complete the trust. Generally, a trust creates a legal relationship between a “trustor” and a “trustee.” The “trustor” is the person who creates the trust and the “trustee” is the person responsible to manage and distribute the assets lodged in the trust. The person who creates the trust may be the trustor and trustee while alive.
At Scott and Scott, P.A., we can help you create the trust best suited to your needs. Follow the links below to read more about trusts: