A Trust is a legal relationship between three people: Grantor, Trustee, and Beneficiary. The relationship is created when the Grantor gives something (money, property, etc.) to the Trustee for the benefit of another, the Beneficiary. The Trust also sets the rules for the Trustee on how they are to administer the Trust (i.e. when he or she should distribute them to the Beneficiary). A Trust creates a distinct legal entity that can own property, pay taxes, pass ownership of assets from one generation to the next, and protect assets from creditors. There are many types of Trusts, so it is important you decide upon the right one.
If you are needing an attorney who has a vast knowledge in Trusts, contact Ethan Arbuckle today and let him help you with the creation of your very own Trust.