This kind of trust is also referred to as a contract “Common-Law Trust” since it finds its basis in the law of contracts and does not depend on any statute for its existence.
Property invested in the Contract Trust Organization must be fixed and irrevocable. Thus the Trustor (contracting investor) may legally be recognized as a different person even when de facto he/she may be the same human being. Trusteeship is a position created by parties at arm’s…
Parents, you know that the needs of your kids are your responsibility. From this article, you can get some needed guidance on how to protect them from all kinds of financial problems. Ideally no parent wants to leave their children, but it happens to people.…