A way to hold property in which legal and equitable title are separated. The legal title to trust property is held in the trust name solely for the benefit of another. A trust is created by a “settlor” through a written document transferring legal title to the assets from the settlors name into the trust name. The trust document allows a “trustee” to manage and distribute trust assets solely for the benefit of the “trust beneficiary.”
Our Personal Approach
When I am appointed by the Court to serve in the capacity as a Trustee, it is my personal approach that we have a duty to collect all assets of the Trust and a duty to the beneficiaries. We must follow the terms and language of the Trust and not to an individual beneficiary but to the Trust as a whole