Our Lawyers Take Estate Planning To The Next Level
When it comes to estate planning, trusts are a powerful tool. When designed appropriately, trusts can achieve many goals that a will cannot.
At the estate planning law firm of Lyons & Supple, we know trusts. More than 30 years of experience means that we understand how to incorporate trusts into an estate plan that makes sense for you.
Advantages Of A Trust
Is setting up a revocable or irrevocable trust right for you? Consider these key factors:
- Do you want to ensure that your favorite charities will continue to receive gifts?
- Do you want to distribute your money to the people you care about most?
- Do you want to ensure that a loved one with special needs will receive proper care?
- Do you want your loved ones to avoid probate after you die?
- Do you want to explore strategies to minimize your estate taxes?
Trusts can accomplish a wide range of goals. The most common type of trust is the revocable living trust, which is established during your lifetime. It can be modified at any time until your death, at which point it becomes irrevocable.
A revocable living trust can accomplish such goals as the avoidance of probate and elimination of any possible will contests or other disputes over your estate. It can also allow the value of your estate to be disbursed over time, allowing your heirs to easily manage their assets.
Other types of trusts can serve a variety of goals, including minimization of estate tax implications. Credit shelter trusts, supplemental needs trusts and other trusts can be incorporated into your estate plan to achieve a variety of goals. When you turn to us for assistance, we will take great care to explain which trusts will best serve your stated needs. You will get an estate plan that is right for you.
Married? Learn more at our Marital Trust page.
Contact us today to talk to an experienced attorney at Lyons & Supple.