3 ways trusts can help, even if you’re not rich
MANY PEOPLE ASSUME THAT TRUSTS are only for the very wealthy. That’s not the case. “Trusts are tools that give you very specific control over how your wealth is used and protected, no matter how much money you have,”
The Importance of a Well-Drafted Declaration of Trust
A Declaration of Trust is more than just a legal document—it is the cornerstone of any trust arrangement. It establishes the foundation for the trust’s purpose, operation, and administration, ensuring that the rights and responsibilities of all parties involved are clearly defined and legally enforceable. For anyone considering setting up a trust, understanding the importance of a properly drafted declaration is critical.
How to Fund Your Trust.
Funding a trust is a critical step in ensuring that the assets you wish to protect and manage are legally transferred into the trust. Below are the five essential steps to successfully fund a trust.