Archive for December, 2009
10 Things About Trusts
1. What It Is. A trust is a contract involving three people—the trustmaker, the trustee, and the beneficiary. The trustmaker (called the settlor or grantor) makes a contract with the trustee to hold property (called principal or corpus) for the beneficiary. Sometimes the trustmaker, trustee, and beneficiary are all the same person—which is common for [...]