Trust

A trust is a powerful tool for the Estate Planning Attorney. A trust is a legal entity that can hold assets. A trustee is named to hold assets for the beneficiaries--those who are entitled to the benefit of the assets in the trust. A trust is useful for a few reasons: 

1. Assets are not considered part of an estate; therefore, probate is rare;

2. Trusts can exist for many years over several generations allowing for control; and

3. Certain trusts allow the surviving spouse to make tax elections, limiting estate tax liability.

Trusts are more complex and require follow-up funding work. This work is usually straighforward. In most cases, the benefits strongly outweigh the costs. If you would like more information or would like to schedule a consultation, enter your information below. 

Legal disclaimer: the information provided on this site is for informational purposes only. An estate plan must be tailored to a client's individual needs. This page is not meant to provide legal advice and no attorney-client privilege exists until an engagement letter is signed. Always consult qualified legal counsel prior to executing any legal documents.