A Will sometimes incorporates a trust. A trust provides for the administration of money on behalf of others. Frequently a trust is established for a disabled child. A trust is a vehicle that can be used to be certain that the child is cared for as the parent directs. The trust also provides supervision of money or property left for the minor.
Trusts are frequently used for children who are not disabled. Frequently, a trust is established in a Will that provides a graduated time within which an individual was will receive money or other property from a parent or other adult. The Trusts which Olson & Olson, PLC draft, are individual documents for each person. Each situation is unique. Olson & Olson, PLC, is a trusted advisor to those who need a trust to protect assets and persons in need.