Folks visiting my office may first ask, “What is a Trust?” and then, “Is a Trust right for me?” The answer is, it depends. It depends on your assets, your goals, and a number of other factors, which our attorneys can discuss with you during a consultation.
In short, Trusts are a way to pass property, either during your lifetime, after death, or both, outside of the court judicial system. Trusts are a great way to pre-plan the distribution of assets and a highly flexible tool to achieve your estate planning goals. Let us explain the benefits of a Trust as compared to a Will, and you can decide for yourself, armed with all the knowledge, based on your unique situation.
For further discussion of what is a Trust?, click through this article.
For further reading about revocable living trust, click here for an additional article.