What is Private Trust?
A private trust is a relationship created at the direction of an individual (called the settlor) in which the Trustee holds the individual's property subject to certain duties to use and to protect it for the benefit of others (called Beneficiaries).
Who can Create a Trust?
Whoever wants the flexibility to plan and to preserve his wealth against creditors and those care-free beneficiaries who are incompetent of handling their wealth. These include the elderly, minors, or dependents with special disabilities who may require funds to be created for them to provide for their day-to-day needs, education, and medical expenses.
A will is a legal document in writing signed by you (testator) and witnesses, setting forth your wishes about distributing your property and care of minor children (if any).
Estate Management deals with the appraisal, acquisition, development, marketing, or management of a property. Estate Management includes a broad category of commercial property such as offices, hotels, shops, or it can refer to the management of a residential property.