Services-Trusts

Trusts

What is a Trust?

A trust is a relationship in which a person transfers something of value to another person. The person transferring is called the trustor. The person that receives the transfer is called the trustee. The trustee then manages and controls this asset (property) for a third person, called a beneficiary.
Trusts have several operations. One of the uses of a trust is to provide flexible control of property for young children. A trust set up for children can avoid further legal proceedings, such as the appointment of a conservator. A conservator is someone who is appointed by the court to control the assets of minor children.

Judd and Associates are proficient in dealing with Trusts and providing you with accurate information as to whether a trust is right for your unique situation. Before establishing a trust you should seek legal advice. If you have questions, or need more information about trusts, contact Judd and Associates.

Wills Trusts Probate Law Dallas, Texas

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