The Law Dictionary for Everyone
A trust is an estate planning device created by an individual to manage his assets, and to specify how those assets are to be distributed after his death. This individual, called a “Trustor,” transfers ownership of as much of his real and personal property, as well as financial assets, as he desires into the trust to be managed by a […]
Read moreA trust is a legal tool used by many individuals to control how their assets are managed after their death. Once a trust has been created, the creator, called a “Trustor,” transfers ownership of certain specified property and financial assets to the trust for the benefit of others, called “beneficiaries.” The assets in the trust are then managed by a […]
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