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What is a Trust?

Generally, a “trust” is an arrangement that creates fiduciary relationship to property that is held and administered by one party, called the trustee, for the benefit of another, called a beneficiary. A trust is always for the benefit of some third party or parties or for some particular object. This, however, does not preclude the trustee and the beneficiary from being the same person. The person who creates the trust is called the “settlor” or the “trustor.” The fundamental nature of the trust relationship is that one person holds legal title for the benefit of another person. Accordingly, unlike a corporation or a limited liability company, a “trust” is not included within the definition of “person.” This is because a “trust” is simply a collection of assets and

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Posted in Wills / Trusts

Zachary D. Schorr’s Expert Appearance on the Dr. Phil Show

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Zachary D. Schorr has been named to the Southern California Super Lawyers (Rising Stars) list for attorneys in Real Estate for 5 straight years - 2012, 2013, 2014, 2015 and 2016. Each year, no more than 2.5 percent of the lawyers in the state receive this honor. In 2016 he was also included as one of the top 100 lawyers in Southern California in this category. The selection for this respected list is made by the research team at Super Lawyers.

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