Trusts are among the most important and powerful legal instruments available today. Trusts can help you protect your assets. They allow you to make decisions about what happens to your assets after you die and to make sure your decisions are executed. Trusts help your family avoid expense, time, the probate process and onerous paperwork when you pass away.
Some forms of trusts include:
Revocable Living Trust Plan
A Revocable Living Trust Plan allows you to create a legal entity for ownership of your assets whereby you are able to control and manage them while you are living. It then assures how the trust will be handled if you are incapacitated or pass away.
Irrevocable Living Trust Plan
An Irrevocable Living Trust Plan is similar to a living trust except that it cannot be terminated. This is usually made to transfer wealth, protect your assets, and reduce taxes. At TrustAttorneyOnline we assist you to implement safeguards to your assets in an Irrevocable Living Trust Plan to ensure that you can maintain the lifestyle you desire and leave a legacy to your intended beneficiaries.
Special Needs Trust
A Special Needs Trust can be made for the benefit of a minor or an individual with a mental or physical disability to enjoy the assets held in trust while also receiving essential government assistance.
These are just a few of the types of trusts. Please contact us to discuss your goals today.