Can Express Trusts serve multiple purposes?
Feb 04, 2023The purpose of an express trust can be as simple or as complex as the person creating the trust desires.
For example, an express trust can be created to serve multiple purposes, such as:
- To provide for the care and maintenance of a family member with special needs
- To hold and manage property for the benefit of multiple beneficiaries
- To manage and invest assets for multiple generations of a family
- To provide for the distribution of assets in accordance with the wishes of the person creating the trust
The multiple purposes of an express trust can be stated explicitly in the trust agreement, and the trust can be structured to achieve those goals. The terms of an express trust can be tailored to meet the specific needs and desires of the person creating the trust, and can be revised as needed over time to accommodate changing circumstances.
Are you ready to take make the decision to change your life and take theory into practice and establish your first private express trust? Begin today by clicking the link below.
