What Are Trusts and Powers of Attorney

Posted On Jan 4 2018 by

A trust is a legal arrangement where a grantor assigns a trustee to hold the grantor’s property for the benefit of others. If the grantor creates a trust before his/her death, it is known as anĀ inter vivos, or living, trust. A living trust can be irrevocable or revocable, which allows the grantor to revoke or change the terms of the trust during his or her lifetime. There are several advantages in creating a living trust. A grantor can create a trust and appoint himself as the trustee. To get more information about Living Trusts, Wills, and Power of Attorney then …