Scott A. Makuakane, Counselor at Law, Est8Planning Counsel LLLC | Sep 1, 2022 | Sept - Oct 2022, Wisdoms
A trust is created when a person transfers “stuff” to a trustee with the understanding that the trustee will manage it for the benefit of one or more beneficiaries. “Stuff” includes any kind of property you can own: real property, such as land and buildings (including timeshares) and personal property, such as bank accounts, stocks and bonds, and personal effects.
Scott A. Makuakane, Counselor at Law, Est8Planning Counsel LLLC | Dec 3, 2020 | Dec 2020 - Jan 2021, Wisdoms
A trust is created when a person transfers “stuff” to a trustee who will manage the stuff for the benefit of one or more beneficiaries. “Stuff” includes real property — such as land and buildings — and personal property — such as bank accounts, stocks and bonds, and personal effects. The person who transfers the stuff to the trustee is called the trustmaker.
