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WILLS and ESTATESLaw 101 Fundamentals of the Law  Form

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Hi everybody, attorney Nicole Wipp here with the Family & Aging Law Center. Today I'm going to go over a little bit with you about trusts. I call this Trusts 101. It's really just an overview about what are trusts and what are they going to do for you, and a little bit about the different types of trusts. The reason I'm doing this is because I know there's a lot of confusion about what trusts really are out there, because I've literally talked to hundreds if not thousands of people about trusts. I'm not going to get into real specifics about trusts, but I'm just going to give you this overview. So let's get started. The first question really is, what is a trust? Right? What is it even? The legalese of the answer is that it's a contract between the grantor, which is the person that creates the trusts, like usually if it's your trust, you are the grantor; the trustee, who is the person that manages th

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