Trust Litigation

What is a trust?

A trust is a legal document that is similar to a will in the sense that it provides a method of transferring one's assets to another person. Assets in a trust are typically transferred to a family member, close friend, or even a company. This process includes the trustees, who are those transferring the assets, and the beneficiaries, who are the recipients. The most common form of a trust appears in a will in the scenario that a parent dies and leaves his or her assets to children who are under the age of 18. The trust is then typically formed so that the children will have access to the assets once they turn 18 years old.

The different types of trusts include personal, private, and express trusts. Because of variety of trusts in existence, it is important to contact an attorney that specializes in trust litigation to ensure that you choose the correct trust for your specific needs.

Trusts can be formed during the estate planning process. Estate planning eliminates any reservations as to what is to happen with one's assets when he or she is no longer living. The main elements dealing with estate planning include wills, trusts, beneficiaries, gifts, and power of attorney.

About Estate Planning?

Estate planning is the planning of your will and assets in the event that an estate is disposed of. By creating a will and/or trust with the help of an attorney, one can be sure that their assets will go exactly where they want them to go. The lack of a will or trust can lead to confusion, controversy, and even uncertainty with what to do with ones assets in the event that a death does take place.

http://en.wikipedia.org/wiki/Trust_law#Trustees
http://en.wikipedia.org/wiki/Estate_planning