Letters of wishes ... To balance transparency with discretion, trustees may seek beneficiary consent, provide redacted documents, or request formal undertakings to prevent misuse.

They must communicate with all the beneficiaries of the ... Additionally, it can help to write a letter explaining your goals and values so that your trustee has more information with which ...

AdamGregor / Getty Images A settlor is someone who establishes a trust and legally transfers control of assets to a trustee, who manages it for a beneficiary or beneficiaries. What Is a Settlor?

A trust is a legal framework that enables one party, a trustor, to give another party, the trustee, the right to hold title to property or assets for the benefit of a third party, the beneficiary.

A trust must be set up as either revocable or irrevocable and have a grantor, at least one beneficiary, and a trustee. Depending on the type of trust fund, one or more of these parties may be ...