Video FAQs

Estate Planning Law

What are trusts?

Trusts are contractual relationships between a principal and a third party called a trustee. In a trust relationship, the principal transfers assets to the trustee with the understanding that the trustee will receive those assets, protect them, and administer those assets for the benefit of a third party, generally called a beneficiary, in accordance with the terms of the trust agreement. The trust agreement is the contractual part of the relationship.