Trusts are instruments that create a contract between someone who owns an asset, such as a house or an account, and someone, known as the “trustee,” who manages that property for the benefit of another person or entity. For instance: James establishes a trust because he wants to pass his business assets and savings accounts […]

Fiduciaries are people who have a legal relationship with another person. This is a person who you appoint to act on your behalf in certain circumstances. For instance, if you are choosing the executor of your will, then you are choosing a fiduciary. When choosing someone, it is extremely important that you choose someone that