Trusts

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The most basic way to understand a trust is the analogy of a “box”, A trust is a legal document that builds a “box” which can hold certain of your things (i.e. assets) such as home(s), cars, money.

The “box” is then watched over by someone you appoint in the document, i.e. Trustee. The trustee watches over whatever things that are in the box for the benefit of others.


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Curated Articles About Trusts

Women, Estate Planning and Military - What They Have in Common

Women, Estate Planning and Military – What They Have in Common

Military professionals often have to face the prospect of austere training environments, combat, overseas deployment, and unconventional missions.  Because of these risks, the need to have something substantial for family members who are left behind is vital. In the case of female servicemembers, the need to have an excellent estate plan cannot be overemphasized.  Why?  Often,…

What are third-party special needs trusts?

What are third-party special needs trusts?

Recently we shared an article which discussed three types of special needs trusts; third-party special needs trusts, first-party special needs trusts and pooled trusts. We also shared that we generally think of any trust, special needs or otherwise, as boxes to safe keep things, money or property for the benefit of another. A third-party special needs…