What is a Trust?

A trust is a relationship in which property is held by one person for the benefit of another person. A trust has three fundamental roles: settlor, trustee, and beneficiary. The settlor creates the trust and funds the trust with trust property. The trustee holds and...

What is Estate Planning?

At its most basic, estate planning is preparing for the end of life. It is a difficult, but necessary topic. Estate planning typically involves creating a comprehensive plan that accounts for the following issues. Property Creating a plan to distribute property is the...

Testamentary Trusts

The testamentary trust is an estate planning device that is particularly attractive to young couples with young children, who often have limited assets. Typically, spouses are the legal and/or named beneficiaries of each other’s assets. If one spouse dies, the other...