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October 2015 Archives

What are some benefits of trusts?

Trusts are legal estate vehicles that offer protections for your assets, yourself and your heirs. You can use trusts for a variety of purposes, such as to transfer assets to heirs upon your death or to shelter assets from taxes or creditors during your life. Trusts, when appropriately planned and created, provide numerous benefits.

Presenting a case for breach of fiduciary duty

If you decide to make trusts a part of your estate process, then you are probably going to pick someone as the trustee, or fiduciary, of the trust. That person will be responsible for administering the trust according to any requirements that you provide in writing. Fiduciaries might be professionals in accounting or law or someone from your family or close circle of friends.

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