A trust is a legal relationship in which one person or qualified trust company (trustee) holds property for the benefit of another (beneficiary). The property can be any kind of real or personal property, i.e. money, real estate, stocks, bonds, collections, business interests, personal possessions and automobiles. It is often established by one person for the benefit of themselves or of another. This is a legal relationship where the title of ownership from one party is to be managed for the benefit of another party. A testamentary trust is created in a last will and testament and only becomes effective upon the death of the settlor. An inter vivos trust becomes effective upon the death of the Settlor, the person establishing the trust. If you are in need of a knowledgable attorney who can assist you with the process of creation of a trust, please do not wait. Contact us at the Law Offices of Zachary Moffett for a complimentary consultation today.