What is a living trust? Living trusts are a key economic provision that protects your financial future and prevents the state from seizing your wealth upon your death. As the process of setting up a living trust begins, it is essential you hire an attorney to assist you with the process. We will go over living trust laws and make sure you are making smart decisions with your money. You will need to understand provisions such as the advance health care directive and other details dependent on each client’s individual position. To make sure you get the trust that you desire and deserve, contact our living trust attorneys as soon as possible.
A Trust is a vehicle used to protect your assets while you are living and to pass on to your heirs. A trust is similar to a corporation where you designate a board of directors as well as shareholders. Some benefits include: Trusts avoids probate, Trusts can be used to protect your Assets, Trusts can be used to save on Taxes, Trusts can be used to take care of your loved ones that cannot manage their finances, Trusts can keep your Will private, Trusts can protect your children with Guardianship and protect you with a Conservatorship. Only a well done Trust can protect you from all of this and we spend a long time with our client finding out what is important to them and what the goals are. Only then can we offer you a complete estate plan that will meet our client's goal.
If you own property or have any children, then you need a revocable living trust. Trusts can be revocable or irrevocable. Our firm will go over the different trusts that we offer after a full interview of your goals, needs and wants. We will also make recommendations on what you may deficient in regarding home, finance and retirement planning goals.
As you near retirement, understanding what a revocable trust is and how it should be used is important for your long-term financial future. We can provide information about advanced health care directives, so you can prepare for your medical future as well as your financial future. At our law offices, we provide informed attorneys, with in-depth knowledge of how living trusts work. Contact us today for dedicated living trust attorneys in the area.