What Is A Trust Lawyer?
What Is A Trust Lawyer? Ascent Law LLC A trust lawyer is a good option for people who want to protect their assets from embezzlement and mismanagement. Trusts can either be revocable or irrevocable, and revocable ones avoid the comingling of funds of different types. An irrevocable trust is the opposite, as it can be “broken” at any time. Trust lawyer protects assets from mismanagement or embezzlement If you are the beneficiary of a trust, it is critical to hire a trust lawyer. This attorney can review the terms of the trust and determine whether one party has breached the contract. While it is rare that a trustee will steal from a trust, it can happen. If this happens, it is essential to take legal action. There are two primary types of trusts: irrevocable and revocable. In the former, the settlor is required to relinquish control over all his property. In the latter, the settlor retains control over some assets. Both types of trusts can protect assets from mismanagement or embe...