A trust settlor, also known as a grantor, trustor, trust maker, or creator, is the person who creates the trust. When making a trust, they establish which property of theirs they will grant to the… Read Moreabout Who Starts a Trust
A deceased person’s estate may have an executor and a trustee, but the two of them serve different purposes even if they can often be appointed at the same time. What are the differences between the two… Read Moreabout Estate Executors vs. Trustees
In California, if you are named a trustee, you have the power to collect, hold, and retain trust property until the trust property should be disposed of according to the judgment of the trustee. Even… Read Moreabout Powers of California Trustees
Trustees are responsible for handling assets held in trust that they themselves act as the legal owner of as a trustee. They handle tax filings for trusts and distribute assets to beneficiaries according to the… Read Moreabout Guidelines for Trustees
A trust is a legal entity that technically owns assets and includes instructions describing who you want managing your affairs and who you want to receive the trust’s assets. But what does it mean to… Read Moreabout What Does a Trustee Do?
So you’re thinking about setting up a trust. Or you’ve been appointed to be a trustee for a trust. It would probably help to know what the differences are between the types of trust, and… Read Moreabout Types of Trusts
Both receivers and trustees are involved in bankruptcy, but only certain types. Receivership is both a feature of Chapter 11 bankruptcy, which is used for reorganization of a business entity under the United States bankruptcy… Read Moreabout Receivers vs. Trustees in Bankruptcy