1. The creator of the trust is the GRANTOR or TRUSTOR.
2. The person inheriting the trust’s assets or receiving income through it is the BENEFICIARY.
3. The party managing the trust on behalf of the trustor and beneficiary is the TRUSTEE.
In addition to actually performing the work on your estate plan, Nicolai Law Firm pc seeks to leave you educated and "in the know" about what your estate plan truly is.
*** Information contained in this Memo is intended for informational and educational purposes only and does not constitute legal advice or opinion, nor is it a substitute for the professional judgment of an attorney. It is likely considered advertising. ***
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