A trust is an arrangement whereby you, as the grantor or settlor, transfer assets to a trustee who then manages those assets for the benefit of beneficiaries named in the trust document. The beneficiaries may include yourself and other individuals or organizations that you specify.
Since a trust is a legal document, its language can be
complicated . Tax laws that will affect the trust also can be
complex. We recommend that you consult your attorney and
tax advisor before creating a trust. Your attorney is also best
prepared to create the documents you will need to establish
your trust.
If you are considering naming JCB as your trustee or successor
trustee we prefer to review your plans and documents before
your trust is completed. You may benefit from this also as we
can often make helpful suggestions.
This information is not intended as legal advice. You should consult your attorney regarding your specific situation.