Drafting a Trust In Middletown, Connecticut

Find the right Drafting a Trust attorney in Middletown, CT

In Middletown, Connecticut, a trust is an arrangement in which property is held by one person (the trustee) for the benefit of another (the beneficiary).

Trusts can serve any number of purposes. They can be set up to ensure that the child has a college fund, or to see that the beneficiary's basic needs are met, without the money being spent on frivolities.

Regardless of the purpose for which you're establishing a trust, you can be sure that the beneficiary will only be able to spend the trust fund in ways you approve of. This is because a trust document, at the time of drafting, can place any restrictions or allowances you want on the beneficiary's use of the money. So, if you want them to only be able to spend it on education, for example, you can do that.

The trust can also be set up to allow the beneficiary to spend as much of the money in it on anything they like. Of course, few people do this, because the trust isn't likely to last very long under such an arrangement, especially if the beneficiary is a teenager or young adult.

What to Include in Any Middletown, CT Trust

To create a trust in Middletown, Connecticut, 4 things are required. The first is purpose - the trust must be set up to serve some kind of objective, and it must be clearly stated in the document that creates the trust.

Second, there must be a trustee. This is the person who will administer the trust, and retain possession of the property or money that it contains, as well as being responsible for using it to effectuate the trust's purpose.

Third, the trust also has to name a beneficiary. This is the person or entity (such as a charitable organization) who is going to benefit from the trust.

Lastly, the trust needs to actually be composed of something. A trust document must name the money or property which is actually being held in trust, which is known as the "corpus" or "body" of the trust.

Can A Middletown, Connecticut Trust Drafting Attorney Help?

While its' easy to list the basic elements that need to be present for a trust to be valid, the actual process of setting up a trust can be a little complicated. For that reason, seeking the counsel of a good Middletown, Connecticut attorney to help you set up a trust is probably a good idea.

Talk to a Wills, Trusts & Estates Law Attorney now!

Life in Middletown

Middletown, Connecticut is a city in Middlesex County. Its population is about 47,000 people, according to a 2005 estimate by the U.S. Census Bureau.

The first foreign settlement of the area now known as Middletown came in 1650, by emigrants from a settlement nearby, which had been established a few years earlier. These settlers were Puritans, and during their period of influence, life was harsh. Some of this harshness was self-inflicted, in the form of extremely draconian laws, which allowed the death penalty for "crimes" such as cursing, blasphemy, and "incorrigible stubbornness of children."

During the Industrial Revolution, Middletown saw a major influx of immigrants from various parts of Europe, including Ireland, Italy, Germany, and Poland. This diversity is evidenced even today, with Middletown's various neighborhoods and ethnic restaurants (for which the city is becoming increasingly well-known), and the general cultural diversity of the city. Modernly, Middletown is a residential community, with the Middlesex Hospital being one of the largest employers.

If you live in Middletown, Connecticut, and need an attorney, you're in luck. There are many Middletown, Connecticut lawyers who can handle virtually any type of legal problem a person might have.

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