Drafting a Trust In Attleboro, Massachusetts

Find the right Drafting a Trust attorney in Attleboro, MA

A trust in Attleboro, Massachusetts is a legal arrangement for the management of property by one person, for the benefit of another. In the simplest possible terms, if property is held in trust, it is possessed and controlled by one person, but it is technically owned by another person, who benefits from the property.

There are many 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.

A trust can be set up to allow the beneficiary to access the money in it under any conditions the person making the trust wishes. For example, the trust could be set up so the beneficiary can only use the money in it for education.

Because you, as the trustee, can determine the rules under which the trust operates, you could give the beneficiary the right to access the fund at any time, for any reason, effectively letting them do whatever they want with the money, if that's what you want to do.

What to Include in Any Attleboro, MA Trust

To create a trust in Attleboro, Massachusetts, 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, the trust needs a trustee. The trustee will have possession of the property or money that is being held in trust, and will be responsible for putting it to the use that the creator of the trust intended.

Third, there must be a named beneficiary. This is the person, persons, or entity who is actually benefiting from the trust. This person or entity must be clearly identified, or must be identifiable at some point in the future that can be objectively defined.

Fourth and finally, the trust must include what is known as the "corpus" or "body." The corpus is the money and/or property which is being held in trust. For a trust to be valid, the corpus must be clearly identified.

Can A Attleboro, Massachusetts Trust Drafting Attorney Help?

While the elements of a valid trust are fairly simple and easy to memorize, drafting a trust that is likely to be carried out according to your wishes can be fairly complex. For that reason, a Attleboro, Massachusetts attorney specializing in estate planning can be invaluable.

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

Life in Attleboro

Attleboro, Massachusetts is a city of approximately 43,000 people. It is immediately north of Pawtucket, Rhode Island.

Like many towns in the New England region, Attleboro, Massachusetts has a long and storied history. It was first incorporated as a town in 1694, and like many towns in the region, was named for a town in Great Britain (in this case, Attleborough in Norfolk County, England) by its British settlers.

Attleboro was once known as the "Jewelry Capital of The World" owing to the large number of jewelry manufacturers in the area. Some firms that manufacture jewelry continue to have a presence there, but much of the actual manufacturing activity has moved elsewhere.

Attleboro boasts several historic churches, and religion is very important in the community. It is also the site of a few notable events in the early history of the United States, and it is rumored that George Washington called it home for a brief period of time.

Attleboro, Massachusetts is also graced with a community theater, and a large park with a zoo, popular among residents and visitors.

There are several respected law schools located in Massachusetts, most notably Harvard. Of course, there are many others which are also well-regarded, particularly locally. For this reason, a good Attleboro, Massachusetts lawyer should not be very difficult to come by.

If you're facing any type of legal problem, an Attleboro, Massachusetts lawyer is the person to call.

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

Gotham Light