Quick legal term explanations: what exactly is a trust?

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Quick legal term explanations: what exactly is a trust?

There are many legal terms that it’s easy to assume everyone appreciates the meaning of. This is not always so. For example, when lawyers use the term ‘trust’ it’s not unknown for a client’s eyes to glaze over slightly! So, here’s what is meant by this term…

A trust is a fiduciary relationship involving two parties. The trust-or gives the right to both hold and then access the assets of an estate to a trustee. This is for the benefit of a third party, and they are described as the beneficiary.

This generally provides more control over your legacy and how it is to be distributed.

To talk about trusts, and many other matters, it pays to contact the Denver estate planning law firm of Meurer Law Offices…

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