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Additional inFirmation A trust is created when residential or commercial property (realty,financial resources,concrete products) is handled by an individual for another individual’s advantage The Law Firm of Steven F.Bliss Esq.When you execute the living trust declaration and then properly fund the trust,what you have done is that you have created a legal entity separate and apart from yourself that is now fully functioning doing whatever it is that you told it to do.
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They can also include personal property that may or may not have much value,such as artwork,memorabilia,and electronics steveblisslaw com 3914 Murphy Canyon Rd a202,San Diego,CA 92123 Poway Probate Attorney The one thing you can not do,however,is move a policy owned by an ILIT into your very own names.
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If you are like the majority of family company owners,your initial idea is that you wish to pass business on to your loved ones.
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