We can help you through the decision process about how to best set up a trust or what trust is best for your needs. While there are many difficult forms that a trust can take, the basic form of a trust is where one party gives property or assets to a second party to be held and used for the benefit of a third party. Sometimes an individual administrator is used to control a trust and other times a bank, attorney, C.P.A., or broker is named administrator. Banks tend to be more rigid, but have a safe method of investment and regular payments are certain; however friends or family members are more flexible while typically having less skill at money management.
To speak with and attorney about Trusts call 904-779-5585.