21 June, 2020

Quora Answer: Can a Non-Attorney Create a Trust?

The following is my answer to a Quora question: “Can a layperson, a non-attorney, create a trust?

A non-attorney can create a trust, and many non-attorneys do.  Setting up a trust is as simple as setting up a company.  It is not a complex legal procedure.  What may be complex is the management of the assets in a trust.  This means the trustee should be an asset manager more than an attorney.  Even if you require a lawyer for a complex trust structure, it is only for the set up.  You will require that asset manager to keep the fund solvent and growing.



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