HOW DID WE GIVE CONSENT?
TRUST AGREEMENTS
Trust Agreements (contracts) are very simple.
When you want to ensure something you own or
manage is taken care of, while you are away - an
estate, you can create an agreement (trust) with
a friend who can manage it for you. You set the
rules for management that your friend must follow
in order for them to honor your agreement. This
presumes: your competence to manage the estate,
that you own the estate and that the person you
entrust to it will relinquish it back to you upon your
return. The person you entrust with your estate is
the trustee, you are the grantor, and in this case, the
administrator because you set the rules for how the
trust is to be managed. Finally, you are also the beneficiary, because you benefit from your estate being
managed while you’re away. This is the standard
form trusts take the world over under many names,
with three roles: Grantor/Administrator, Trustee
and Beneficiary.
Your Incompetence: If you die, are lost at sea, or
‘go crazy’ (becoming incompetent), the trustee can
claim as such, and gain complete control over your
estate. Unless you present yourself, so as to dispel
the presumption of your death or incompetence,
the trustee stays in control. Their claim of incompetence or death b