Depending on your situation, a trust can be a good way to pass property on to your beneficiaries. A trust allows you to place specific assets in the care of a trustee who will manage them, based on your instructions, on behalf of the beneficiaries. Then, at a time of your choosing, the assets will be distributed according to your wishes.
There are a number of things that need to be considered in the preparation of a trust. I can help you understand all the relevant legal issues concerning your situation, as well as the advantages and disadvantages involved with trusts.
Finding the Right Solution for You
People choose to establish trusts for many different reasons. Asset protection, tax benefits, preservation of Medicare eligibility and other considerations can all come into play. In addition, assets placed in a trust avoid the probate process, which can often be extremely time consuming and expensive. Trusts can include all types of financial or monetary assets and other property.
I am prepared to help you establish any type of trust, including:
- Living trusts or revocable trusts
- Irrevocable trusts
- Special needs trusts
- Education trusts
- Charitable trusts