What is a Trust ?


The first "Trusts" were done two thousand years ago during the reign of Augustus Caeser. It is thought that if a Roman citizen wanted to pass on his property to his children but his wife was not Roman and therefore the children could not have the property, he left all his property to a Roman friend who promised that when he died he would use the property to take care of his children. This way he side stepped the law. He trusted his friend to do what he wanted with his property after his death, thus the term "Trust” came about.

Under this type of legal arrangement, the Trustmaker, known as the “Grantor” will transfer ownership of certain assets to the Trustee who will manage the assets for the benefit of the Beneficiary.