trusts

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Trusts

A Trust is a vehicle which permits a person to control when and how another person uses or has access to an asset.

For example, a son who owns a house may want his mother to live in the house during her lifetime, but does not want to have her become the owner of the house.

A father may want to set up a fund for his child to go to college but does not want give the child the money to do so in advance.

Both of these objectives, as well as many others, can be attained through the use of a Trust.

trust attorney

There are 2 basic types of Trusts – irrevocable and revocable.

And 2 varieties of Trusts that are classified depending on when they are set up – testamentary and inter vivos – either upon death or while living.

Mr. Humber has years of experience in the establishment, funding and administration of Trusts. In addition, with his tax background, he is able to analyze how the establishment of a Trust will affect your potential income or estate tax liability.

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About Michael T. Humber

Admitted to all courts of the State of Georgia, Mr. Humber is also authorized to practice before the United States Federal District Court and is a member of the bar of the United States Tax Court. Mr. Humber earned his law degree from the Emory University School of Law and has resided in the metro area since graduation.

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