Trust Planning

Trusts can be difficult for many to understand, yet it is one of the most valuable ways you can pass on wealth to your loved ones. A basic definition of a trust is that an owner of wealth, puts some or all of their assets in the hands of a third party, called a trustee, to be dispersed to beneficiaries according to the wishes of the person who funded the trust. Trusts have the advantage of going outside of an estate that has to go through probate, meaning that the beneficiaries can get their inheritance sooner. It also could lower estate taxes on an estate. 

Trust planning is ultimately part of a total estate plan that you should speak to an estate lawyer about. Trust planning can be difficult and complex, meaning that having skilled and experienced estate lawyers on your side can be an investment in the future of your loved ones. Call and set up a time to discuss your trust planning today.