A Legal Trust is a relationship whereby property is held by one party for the benefit of another. A trust is created by a settlor, who transfers property to a trustee. The trustee holds that property for the trust's beneficiaries. Trusts exist mainly in common law jurisdictions.
Trusts may be used to provide for the distribution of funds for the benefit of minor children or developmentally disabled children. It offers a high degree of control over management and disposition of assets. Furthermore, certain types of trust provisions can provide for the management of wealth for several generations past the settlor.
This process may seem a bit overwhelming to you if you have not had any experience with it or the Court system. In order to explain the process and answer any questions you may have prior to instituting a Legal Trust proceeding we will be happy visit with you at NO CHARGE to answer any of your questions.