Drafting a Trust In Athens, Georgia

Find the right Drafting a Trust attorney in Athens, GA

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

There are various 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.

Regardless of the purpose for which you're creating 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 instance, you can do that.

Of course, the trust could also be set up to allow the beneficiary unfettered access to the fund, or a certain amount of money could be released from the fund to the beneficiary each month, for the beneficiary to use as he or she sees fit.

What to Include in Any Athens, GA Trust

There are 4 things that have to be present in every trust for it to be legitimate in Athens, Georgia. First, the trust must have a stated purpose. Whatever purpose you intend the trust to serve, you should make it very clear when drafting the document.

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 guarantee that the money is only utilized for the purpose of the original trust agreement.

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

Lastly, and perhaps most especially, 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 utilized to help the beneficiary.

Can A Athens, 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 difficult. Therefore, you should probably seek the guidance of an Athens, Georgia attorney if you wish to set up a trust.

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

Life in Athens

Athens, Georgia has a population of over 115,000 people and is located in the northeastern region of the state. Athens is actually a consolidated city-county, created by combing Clarke County and the city of Athens itself (also the county seat). Athens Is known for being home to the University of Georgia and is considered by many to be a premiere example of a college town.

As a college town, the student life drives much of Athens' social, intellectual, and cultural scene. In particular, music has always been a central tenet of life in Athens. Many restaurants, bars, and local establishments cater to the music scene and help to further the creative legacy of the city. Famous musical figures from Athens have included: R.E.M., the Indigo Girls, the Primates, and the Athens Boys Choir. The city hosts AthFest, which is an art and music festival held every summer.

Other popular events and attractions in Athens, Georgia include Naturalists' Walks, Contra Dance at Memorial Park, and the Twilight Series bicycle races held each spring. Some of the nation's most outstanding bar and grills are also located in Athens. Alongside its modern establishments, an abundance of American historical artifacts can also be found in the city.

Lawyers in Athens, Georgia often assist their clients at the Athens-Clarke County Superior Court. The Superior Court is located in the city and process a wide range of legal claims. Many Athens lawyers spend time researching legal inquiries at the Athens-Clarke County Law Library.

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