Trusts

What Exactly Is a Trust, and Do I Need Different Types of Trusts in My Estate Plan?

By James E. Hickmon, JD, MBA, CFP® / November 25, 2021 / Comments Off on What Exactly Is a Trust, and Do I Need Different Types of Trusts in My Estate Plan?

A trust is essentially a contract between two people, one who is the grantor of the trust and the other the trustee or beneficiary. These can be the same individual, the grantor of the trust can also be the trustee. That’s contrary to contract law where generally you cannot enter into a contract with yourself,…

Read More