This option offers privacy and flexibility, allowing changes during life while streamlining asset transfer after death. Key benefits include avoiding lengthy probate, providing seamless management if incapacity occurs, and maintaining control over who inherits property and when.
A comprehensive approach streamlines transfers to heirs while preserving privacy and reducing court involvement.
Choosing our firm means working with a knowledgeable team that prioritizes practical outcomes, transparent communication, and personalized plans. We help you translate complex concepts into actionable steps and ensure your documents reflect your latest intentions.
We help retitle bank and investment accounts to the trust name and align beneficiary designations.
A revocable living trust is a flexible instrument that can be altered as life changes. It holds title to assets during your lifetime and provides instructions for distribution after death, helping you preserve privacy and avoid unnecessary court involvement. Review and updates ensure accuracy over time.
Yes, a revocable living trust is designed to avoid probate for assets placed in the trust. However, real estate and accounts with payable on death designations may still pass outside the trust under certain circumstances, so careful planning is essential to maximize probate avoidance.
Funding a trust involves retitling real property, changing ownership of accounts, and updating beneficiary designations. We guide you through these steps, ensuring assets are held by the trust and that records reflect your intentions.
If you become incapacitated, a durable power of attorney and the trust provisions allow trusted individuals to manage finances and care decisions without court intervention, provided the plan was properly funded and arranged.
A trustee should be someone capable, trustworthy, and patient, with a clear understanding of your goals. Many clients appoint a primary and successor trustee to manage responsibilities and respond to changes in family circumstances.
Costs vary depending on complexity, assets, and local requirements. We provide upfront guidance on fees, offer scalable options, and ensure transparency so you know what to expect at each stage of the process.
A trust can offer tax planning advantages within its structure, but tax outcomes depend on your overall estate plan and state laws. We review strategies to align with your financial goals while remaining compliant with regulations.
Even with a trust, a will can address specific items not placed in the trust and name guardians for minor children. A comprehensive plan often combines both instruments for complete protection.
We recommend periodic reviews at least every few years or after major life events such as marriage, divorce, birth, or death. Regular updates keep your plan aligned with current laws and evolving personal circumstances.
Upon death, assets held in the trust pass to beneficiaries according to its terms without requiring probate in many cases. The trustee ensures timely distribution while accounting for tax considerations and any creditor claims.
