| It was a matter of seconds. At birth, the fetus did not | | | | one type of "inter vivos" trust, meaning that it works |
| get enough oxygen in her brain. Eli was born perfectly | | | | during the trustor's lifetime. |
| normal physically, but with serious learning and motor | | | | Eli's dad would have to create a "testamentary" kind |
| impediments. When she turned three, it was obvious to | | | | of trust as well, the attorney suggested. This kind of |
| everyone. Eli was put under psychiatric treatment and | | | | trust becomes effective only at the time of one's |
| prescribed some heavy medications to control her | | | | death. This trust would be created in Tom's Last Will. |
| severe hyperactivity, attention deficit and erratic | | | | Some of Tom's estate property would be destined to |
| behavior. | | | | fund Eli's trust fund. |
| The medications were effective partially taking care of | | | | Eli's mom, Theresa, was enormously pleased when |
| some of her symptoms, but their side effects were | | | | Tom got home from consulting his attorney and told |
| devastating. Eli lost all her body hair, including her | | | | her the news. The couple could now stop worrying |
| eyelids and eyebrows. And even when she became | | | | and dedicate their lives to nurture and enjoy Eli's |
| able to socialize up to a certain degree, Eli would never | | | | company, instead. Once away, they both would be |
| be able to advance much in academics or to hold a | | | | able to rest in peace knowing that Eli would be |
| job, get married or raise a family. In other words, Eli | | | | provided for everything she would ever need, even in |
| was a "special child". She lived in a special world. Eli | | | | their absence. |
| would always need close assistance and medical care. | | | | There are several other considerations to take into |
| Some of her medications were quite expensive. | | | | account when forming a Trust. You might want to |
| Knowing this, Tom, Eli's father, a successful | | | | designate a family member as trustee or you might |
| entrepreneur, became deeply concern about Eli's | | | | want to hire an accountant. In the later case you would |
| future. He was especially concern about Eli's welfare in | | | | have to provide in the document how much is this |
| times when he wouldn't be around to provide for her. | | | | person going to be paid for his or her services. You |
| Who would pay for Eli's home care and medical needs | | | | can do all sort of different things when creating a trust |
| once he'd leave this existence? He decided to | | | | and there are trusts for every particular need. The |
| consult his attorney. | | | | greatest advantage of forming a trust like Eli's is that |
| The attorney suggested creating a trust on Eli's behalf. | | | | the property you pass unto it is exempted from estate |
| He would draft a legal document establishing an | | | | taxes. Also, the property transferred to a |
| agreement between three persons to take care of all | | | | testamentary trust does not go into probate court, |
| of Eli's future financial needs. This it how he explained it | | | | becoming accessible to the beneficiary regardless of |
| to Tom: | | | | every other consideration. Trusts are a great ways to |
| Tom would the "trustor", the owner and founder of the | | | | save money and to secure some one else's –less |
| trust. Tom would deposit an initial amount of money in | | | | fortunate- future. |
| a trust bank account. That account would be in the | | | | This article intends only to demonstrate one of the |
| name and managed by an administrator. Legally this | | | | many ways a trust can take care of one family's |
| person is called the "Trustee". The trustee would be in | | | | concern. To create a trust, you might want to get |
| charged of issuing all monthly payments related to Eli's | | | | some professional assistance. Here, at we provide a |
| medical and home care. The trustee would also | | | | variety of on-line services for you to create your own |
| keeping record and prepare reports of all financial | | | | legal trust forms. All our forms are expertly designed |
| transactions related to the trust fund. Eli's financial | | | | to oversee the many possibilities of each individual's |
| needs included shelter, food, clothing, medications, | | | | particular case. We have incorporated many years of |
| entertainment and someone to watch her. The trustee | | | | academic preparation and professional experience to |
| would make sure these service providers would get | | | | bring this assistance to you. You now have total and |
| regularly paid to avoid any interruption of their services. | | | | complete access to these great products at an |
| Eli of course, would be the "beneficiary", the person on | | | | affordable cost. Don't wait until is too late. Take care |
| whose benefit the trust was formed. Tom would be | | | | of your loved ones now and download our Legendary |
| able to transfer money to the trust bank account as | | | | Wills and Trust CD-Rom. You will be eternally |
| needed. This is called a "special needs trust". This is | | | | grateful and your loved ones too. |