• PURPOSE

  • The purpose for creating a trust is varied as the needs are varied, but the creation has a guiding principal:

    A Trust creates a fiduciary relationship in which one person (the trustee) is the holder of the legal title to property (the trust property) subject to an equitable obligation (an obligation enforceable in a court of equity) to keep or use the property for the benefit of another (the beneficiary).

    The following Types of Trusts summarizes a variety of trusts that are formed for a variety of reasons. Our Trustees in collaboration with your attorney, CPA and trusted advisers will assist you in selecting the Trust that meets your needs.