Who are involved?
Grantor
You are the creator of the trust, also called the trust maker.
Trustee
This is the middleman for the Grantor and the Trust Beneficiary. This can be a person, an institution, or a business that will manage your assets.
The trustee is responsible for the proper management of all the assets and properties under the trust contract for the sole benefit of the Trust Beneficiary.
Beneficiary
These are the people or groups of people who will benefit from all the assets and properties you have after you die. This can be your children, charity, or individuals who you appoint and put into the trust.
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CURATED FROM
Revocable Living Trust California | Wills and Trusts | Crider Law Group
estateplanning.criderlaw.net
5 ideas
·58 reads
IDEAS CURATED BY
It will open the eyes of people about planning ahead of time, so in case something bad happens, they have plan B.
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