Nassau Suffolk County Trust Lawyers Attorneys Queens Long Island NY

A trust is a relationship in which a person or entity (the trustee) holds legal title to certain property (the trust property or trust corpus), but is bound by a fiduciary duty to exercise that legal control for the benefit of one or more individuals or organizations (the beneficiary), who hold "beneficial" or "equitable" title. Typically a trust is created by 1) a written instrument (the trust document) signed by both the settlor (who may be the only beneficiary) and the trustee, 2) the last will and testament of the settlor. Besides, a trust can also be created with some charitable purpose, as opposed to having a particular person or persons as its beneficiary.

Having significant experience in the area, our attorneys would be glad to offer you our assistance. Contact NY Law Professionals at 1 (866) 99 TRUST.