Estate Law Planning Practice Software Trust
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Trust (law) non-USA - A trust is the legal term for a situation where one person, known as a trustee, holds assets for the benefit of another person, known as a beneficiary. Trusts are used for many purposes, including wills, estate planning, charities, corporate structures, investments (see e.
Estate planning - Estate planning is the process of accumulating and disposing of an estate to maximize the goals of the estate owner. The various goals of estate planning include making sure the greatest amount of the estate passes to the estate owner's intended beneficiaries, often including paying the least amount of taxes.
Society of Trust and Estate Practitioners - STEP (the Society of Trust and Estate Practitioners) is the professional body for workers in the trust industry and the (often overlapping) field of estate administration. Its members are mainly solicitors, barristers, attorneys, accountants, trust officers and trust administrators as well as banking and insurance professionals in the trust field.
Practice of law - In its most general sense, the practice of law involves giving legal advice to clients, drafting legal documents for clients, and representing clients in legal negotiations and court proceedings such as lawsuits, and is applied to the professional services of a lawyer or Attorney at Law, barrister, solicitor or civil law notary. However, there is a substantial amount of overlap between the practice of law and various other professions where clients are represented by agents.
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