What Is a Trust Attorney?
A trust is a legal avenue for creating the management of property for someone who is not capable of doing so or who needs to be protected from having full access to large sums of money all at once. Typically, a trust is designed to give a family member, loved one, or financial institution the legal responsibility to manage property or assets for the benefit of another part.
A trust can be invalid for the same or similar reasons as a will. A trust or trust amendment may be invalid if:
- A person lacked the mental capacity to understand the business in which he/she was engaged at the time the trust was signed,
- A person is coerced or subjected to undue influence
- A person in a position of reliance or in a fiduciary relationship with the grantor/settlor takes advantage of the position and influences a person to sign a trust.