Minnesota Trust Fund Attorney
Everyone’s estate and circumstances are different. We go the extra mile in assuring that your Estate Plan is tailored to your specific needs and goals.
A Trust is a separate legal entity that controls the assets you place into it. You are known as the Trustor of the trust, since you were the one who created it. The Trustor decides who gets income and/or principal payouts from the trust.
The people receiving the payouts are known as Beneficiaries. The person who administers the trust is the Trustee. The rules that you dictate the trust to follow (how long the trust should last, who gets what, and other rules the trustee has to follow) are known as the Trust Terms. The document that defines the trust is known as the Trust Agreement. Trusts can be powerful tools when used properly.
