A trust agreement is a document that contains instructions to direct the trustee on how to manage property for the benefit of the designated beneficiaries.
Trusts can be categorized in several different ways, including:
- living verses testamentary
- revocable verses irrevocable
- funded verses unfunded
- self-trusteed versues third-party trusteed trusts
Forming a trust can be an excellent way to control the distribution of your assets in a private and efficient manner.
The information contained in this booklet is for educational purposes only and is not intended to be construed as legal advice. For legal advice, consult an attorney. The information contained in this booklet is subject to change and does not purport to be a complete statement of all relevant issues. In certain jurisdictions this may constitute attorney advertising.