Trusts: More Flexibility and Protection

Depending on your circumstances, you may be better able to plan for your loved ones and protect your assets by incorporating a trust into your estate plan. In addition to providing financial and legal protections and benefits during one's lifetime, a trust can be a useful tool to preserve wealth and minimize taxes. Although every estate plan may benefit from their inclusion, trusts are especially valuable in planning for larger estates by lessening an often surprisingly high tax burden and maximizing the value that's passed on to children, the community and other beneficiaries.

Trusts are also commonly used for the purpose of avoiding probate-a lengthy legal process that effectively freezes one's assets until the assets can ultimately be distributed when the court case is finalized. Trusts ensure that the trustee you choose maintain control over assets and that beneficiaries have appropriate access to them, without court intervention.

Unique Needs & Circumstances

Trusts are strategic and valuable documents. In addition to avoiding probate and minimizing estate tax, trusts can be created to meet a wide variety of needs and purposes, including caring for a special needs person without disqualifying them from eligibility for government benefits or looking out for the needs of a beloved pet.

We work regularly with trust documents of all types, including:

  • Revocable living trusts
  • Special needs trusts
  • Spendthrift trusts
  • Life insurance trusts
  • Charitable trusts
  • Family trusts
  • Pet trusts
  • Irrevocable trusts