Chapter eight provides guidance to individuals who want to set up and manage a trust. In this book, Sharp offers detailed instructions on how to establish a trust, manage its assets, and ensure that the trust serves its intended purpose.
As the grantor, you are the person creating the trust. Sharp’s instructions help you understand how to structure the trust, select the right beneficiaries, and specify the terms and conditions under which the trust assets will be distributed. He emphasizes the importance of clear and precise language in the trust document.
As the trustee, you are responsible for overseeing and managing the trust assets on behalf of the beneficiaries. Sharp provides guidance on how to fulfill your fiduciary duties, make investment decisions, and administer the trust in accordance with the grantor’s wishes.
Overall, “Instructions to You as the Grantor and Trustee” by Ronald Farrington Sharp serves as a practical guide for individuals looking to create and manage trusts, ensuring that their assets are protected and distributed according to their intentions.