First, let’s begin with a short and simple discussion of what is a trust and how it works: A trust is a form of ownership of property, whether real estate or investments, where one person – the trustee – manages property for the benefit of someone else – the beneficiary. The trustee must follow the instructions specified in the trust agreement concerning how to invest, spend and distribute trust funds on a beneficiary’s behalf – whether and when to distribute the trust income and principal.
Contact me personally today to discuss your trust matter. I am easy to talk to, very approachable and can offer you practical, legal ways to handle your concerns. You can reach me toll-free at (855) 376-5291 or e-mail me at fniemann@hnlawfirm.com/.
By Fredrick P. Niemann, Esq. a New Jersey Trust Attorney