Who are the parties in a trust? There are only three parties to a trust, and that’s all you need to know: 1) Trustor: This refers to the person who created the trust and put their assets into it (think “creator”). 2) Trustee: This is the person whom...
Clients often naturally choose their children to be beneficiaries of their revocable living trusts. Many clients also wish to name one or more of their children as the trustee of that trust, but are not sure if that is allowed by the law. The short answer is yes, a...
