Drafting a Trust In Alpharetta, Georgia

Find the right Drafting a Trust attorney in Alpharetta, GA

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

There are several reasons why a person might set up a trust. A well-managed trust, started with a substantial amount of money, can mature into a sizable college fund for a child. Furthermore, if the trust is well-drafted, the beneficiary can be restricted in how they use the money, so they don't waste it.

If you are a trustee, you can allow the beneficiary to access the trust under any conditions you see fit (or make it unconditional, if you want). The point is that, if you make sure the trust agreement is well-constructed, you can help the beneficiary in any way you like, secure in the knowledge that they won't be able (or will find it extremely difficult) to spend it on things you don't approve of.

A trust could, of course, be much more permissive, if the creator of the trust wants it to be. You could set up a trust allowing the beneficiary to spend as much of the money in it as they like, on anything. Of course, in such a situation, the trust fund might not last very long, especially if the beneficiary is a younger person.

What to Include in Any Alpharetta, GA Trust

To set up a valid trust in Alpharetta, Georgia, 4 elements are required. First, the trust must have a stated purpose, and this purpose must be clearly laid out in the documents that establish the trust.

The second required element is a trustee. The trustee's job is to supervise and manage the money that makes up the trust. They are also required to take reasonable efforts to ensure that the money is only used for the purpose of the original trust agreement.

Third, the trust needs to have a named beneficiary. The beneficiary is the person who benefits from the trust.

Finally, and perhaps most vitally, the trust requires a "body." The body of a trust is the thing (usually, but not always, money) that is actually being held in trust, and therefore overseen by the trustee, and used to help the beneficiary.

Can A Alpharetta, Georgia Trust Drafting Attorney Help?

While it's fairly easy to list off the basic requirements for a valid trust, actually creating and implementing one can be fairly complex. Therefore, you should probably seek the help of an Alpharetta, Georgia attorney if you wish to set up a trust.

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

Life in Alpharetta

Alpharetta, Georgia is a medium-sized city in Fulton County. It has a population of approximately 65,000 residents, and is known for being one of the most affluent cities in Georgia. It is also home to a huge number of businesses, for a city its size. During the workweek, employees of these businesses commute to the city, and its population balloons to over 120,000 people.

The huge number of employers Alpharetta, Georgia means that Alpharetta, Georgia lawyers are kept busy. Because of this large number of employers, the economy of Alpharetta, Georgia is quite vibrant, and while not untouched by the recent recession, endured it better than many other places in the U.S.

For this reason, Forbes Magazine, in 2009, named Alpharetta, Georgia as the #1 "reloville" in the U.S. By this, they mean it is one of the best places for professionals to relocate to in order to improve their economic situation. Perhaps testifying to this fact, about 70% of this city's residents were born someplace else.

Of course, where there are many businesses, there are going to be a lot of lawyers.

Alpharetta, Georgia lawyers are experienced in a wide variety of legal areas. In a thriving community such as Alpharetta, they have to be if they wish to state competitive.

Accordingly, if you need to hire an Alpharetta, Georgia lawyer, you probably won't have much trouble finding one who can handle your legal issue, at an agreeable price.

Clients Rate LegalMatch Attorneys
(click to read reviews)

Regel B.
Regel B.

Wills, Trusts and Estates

Caldwell, LA

Brad M.
Brad M.

Wills, Trusts and Estates

Sussex, NJ

David L.
David L.

Wills, Trusts and Estates

Ashland, OH