Trust

July 16th, 2009 |

Author: 1203Broadway

An arrangement whereby assets are managed, held, and distributed for the benefit of one or more persons or entities (called beneficiaries). Assets in a trust may include money, stocks, bonds, real estate or other possessions. The person(s) making the trust arrangement is called the settlor or grantor. Property held in trust will avoid probate upon the death of the settlor or grantor. Trusts can own and manage property for the benefit of minor children, the disabled, and incapacitated or spendthrift beneficiaries.

Posted in Terminology, Wills & Trusts

Comments are closed.

View Posts by Category:

Business Law (3)
Elder Law (4)
Estate Planning (14)
Estates (8)
General (9)
News (6)
Probate (4)
Tax (7)
Terminology (128)
- Business Law (25)
- Elder Law (21)
- Probate (27)
- Wills & Trusts (55)
Wills & Trusts (9)

Business Law (3)
Elder Law (4)
Estate Planning (14)
Estates (8)
Featured Home (1)
General (9)
News (6)
Probate (4)
Tax (7)
Terminology (128)
- Business Law (25)
- Elder Law (21)
- Probate (27)
- Wills & Trusts (55)
Wills & Trusts (9)

Barchet Law provides the content and information in this website for informational purposes only. The information does not constitute legal advice. The use of this site does not create an attorney-client relationship. Further communication with our attorney through the website and email may not be considered as confidential or privileged. Please contact us if you wish to discuss in more detail the contents of this website. The choice of a lawyer is an important decision and should not be based solely upon advertisements.