Trust law is an extremely complicated area of law. A valid trust should be drafted by an attorney who specializes in trust law since an improperly drawn trust can be extremely costly to correct and may result in loss of trust assets, unexpected taxes and vulnerability to creditors.
Trust law is an extremely complicated area of law. A valid trust should be drafted by an attorney who specializes in trust law since an improperly drawn trust can be extremely costly to correct and may result in loss of trust assets, unexpected taxes and vulnerability to creditors.
Trust law is an extremely complicated area of law. A valid trust should be drafted by an attorney who specializes in trust law since an improperly drawn trust can be extremely costly to correct and may result in loss of trust assets, unexpected taxes and vulnerability to creditors.
Trust law is an extremely complicated area of law. A valid trust should be drafted by an attorney who specializes in trust law since an improperly drawn trust can be extremely costly to correct and may result in loss of trust assets, unexpected taxes and vulnerability to creditors.
A trust set up for the Health,, Education, Maintenance, and Support, usually for a minor.
no little to nothing can be done if you do not get the trustee's approval because it is intended for this individual so if you want to do something you need their permission
Some wills do set up a trust. If it does so, it will create a trustee, usually for minor children.
If you leave an inheritance to a minor, it may be held in a trust until the minor reaches the age of majority. The trustee will manage the inheritance on behalf of the minor until they are old enough to access it. It is important to set up clear instructions in your will for how you want the inheritance to be managed and distributed.
You have to have a trust (which can be set up in a will) and you have to identify what the trust is to be used for.
A trust for a minor can own stock, but a minor cannot. Someone can own an account or stock in trust for the minor.
A "special needs trust" is established for a person under some handicap who is receiving assistance from some type of government program. The trust is set up so that they do not lose eligibility for that assistance by owning assets. Therefore, the answer to your question is no, you cannot set up a special needs trust for someone who does not meet that criteria. However, anyone can set up a trust that will meet their unique individual needs. You should seek the advice of a trust attorney who can help you to set up a trust that will meet your own needs.
You can set up trust funds with an attorney, who will organize everything. You have to pay them a fee, then meet and arrange conditions of the trust. Then the money is handed over to them to look after.
To set up an education trust fund, you will need to establish a trust agreement, appoint a trustee to manage the fund, determine the beneficiaries and the purpose of the fund, and fund the trust with assets such as cash, investments, or property. It is important to consult with a financial advisor or attorney to ensure the trust is set up properly and meets your specific goals for education funding.
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To set up an educational trust, you need to create a legal document outlining the trust's purpose, appoint trustees to manage the trust, fund the trust with assets, and comply with relevant laws and regulations. It is advisable to seek legal advice to ensure the trust is properly established and managed.
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