Trusts
Flexible estate planning solutions to protect your assets and provide for your loved ones according to your specific wishes.
Overview
Benefits of Trusts
- ✓Avoid probate court and maintain privacy
- ✓Provide for minor children or special needs beneficiaries
- ✓Protect assets from creditors and lawsuits
- ✓Plan for potential incapacity
- ✓Potentially reduce estate taxes
- ✓Maintain control over asset distribution
Key Features
Revocable Living Trusts
Maintain control of your assets while avoiding probate.
Irrevocable Trusts
Asset protection and potential tax benefits through irrevocable trusts.
Special Needs Trusts
Provide for loved ones with disabilities without affecting government benefits.
Charitable Trusts
Support your favorite causes while receiving tax benefits.
The Process
Initial Consultation
Initial consultation to discuss your goals and assets
Analysis
Analysis of your specific situation and needs
Development
Development of a customized trust strategy
Drafting
Drafting of trust documents
Review
Review and revision of the trust documents
Funding
Funding the trust with your assets
Administration
Ongoing trust administration as needed
Frequently Asked Questions
What are the main benefits of a trust?
Trusts can help avoid probate, maintain privacy, provide for minor children or special needs beneficiaries, protect assets from creditors, and potentially reduce estate taxes.
What's the difference between revocable and irrevocable trusts?
A revocable trust can be changed or revoked by the grantor during their lifetime, while an irrevocable trust generally cannot be changed once established. Irrevocable trusts offer greater asset protection and potential tax benefits.
Do I still need a will if I have a trust?
Yes, a pour-over will is typically created alongside a trust to ensure any assets not transferred to the trust during your lifetime are included in your estate plan.
Ready to Get Started?
Contact us today to schedule a consultation and take the first step in securing your legacy.