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Posted On : Nov-22-2010 | seen (139) times | Article Word Count : 353 |
There are many types of trusts and many purposes for their creation. Some of the more commonly known are asset protection trusts. There are many types of trusts and many purposes for their creation. Some of the more commonly known are asset protection trusts, charitable and charitable remainder trusts, constructive trusts, dynasty trusts Cheap Authentic NFL Jerseys , revocable and irrevocable trusts, life insurance trusts, living trusts and testamentary trusts, just to name a few. Estate planning involves the use of a trust for the management and distribution of assets during a person's life or after their death. A trust may be created for a surviving spouse, children, friends, business Cheap NFL Jerseys Wholesale , charitable organization or for the financial benefit of the person creating the trust. Trust law is voluminous, but generally concerns whether a trust has been lawfully created, if it is public or private and if a disinterested third-party trustee held the assets of the trust. A trust is comprised of four separate and distinct parts:
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