When it comes to creating the best trust for you, a living trust might be a viable option to go with. A living trust is essentially a trust where you designate a trustee to manage the aspects of your trust while you are still alive. What this does is provides you with an easier transition of power following your death. A living trust can help you avoid the lengthy probate process and lift that burden off of your family’s shoulder. Your trustee can also act on your behalf if you become unable to manage your trust while you are still living due to health issues. Contact our law firm today to see if a living trust is right for you.

What is the Difference Between a Revocable and Irrevocable Trust?

A revocable trust and an irrevocable trust are similar except for one important difference. A revocable trust is a trust you can set up as a grantor and then modify, change, or remove in the future. However, an irrevocable trust is exactly that – irrevocable. Once you set up an irrevocable trust as a grantor, you will not be allowed to make any changes or dissolve the trust. Irrevocable trusts are often used to avoid taxes on assets of an estate but they are not as flexible as a revocable trust. However, depending on your needs, either of these trusts can be a good option for you. Consult with our law firm to see which type of trust best suits your needs.

Why Should I Set Up a Trust?

Setting up any type of trust can provide you with a wealth of benefits including a reduction in taxes, easier administration of your estate following your death, and more. Depending on the type of trust you set up, such as a special needs trust, you can provide your special needs child with even more help than you would without one by helping them qualify for government-assisted programs that can benefit their health in the long term. No matter what type of trust you need, our trusts attorneys can make sure you and your family reap the benefits and receive the protection you deserve.

How Do I Choose the Right Trusts Lawyer?

Picking the right attorney to help you set up a trust can be challenging, especially with so many options available. Our track record and experience speak for themselves. Thomas-Walters, PLLC emphasizes the importance of empathy when dealing with clients. We will listen to your every need to ensure the trust we help you set up optimizes your family’s situation. Let us protect you and your family’s future. Call us today to schedule a free consultation at (919) 424-8277.