Unlike a will, a trust is used to create a legal entity that can hold assets for your benefit or the benefit of another while you are alive. Trusts can also contain provisions stating how these assets will be distributed upon your death, and avoid the involvement of the probate court. Avoiding probate usually helps your beneficiaries gain control of the assets or property you are passing on to them more quickly.
Passing your assets on through the use of a trust saves time, money court fees and can also reduce estate tax liability for your beneficiaries. At Your Advocates, our experienced and knowledgeable Fort Myers estate planning attorney handles all types of trusts, including revocable and irrevocable living trusts, charitable remainder trusts, qualified personal residence trusts, land trusts, Medicaid trusts, irrevocable life insurance trusts, and children’s trusts.
What type of trust should I have?
Deciding whether to create an estate plan, utilizing a will, a trust or both, can be a complicated, technical decision which usually leads most non-lawyers to procrastination. When you consult with an experienced, knowledgeable estate planning attorney, the decision becomes simplified and much more understandable. No matter what size your estate is at this time, creating a trust can protect your current assets and property and also assets you acquire in the future. Avoiding probate is preferable in most instances, as court involvement can result in property or assets to passing to unintended beneficiaries or heirs, and also increase inheritance taxes.
Please choose your Fort Myers estate planning attorney carefully. Look for experience, a reputation for success and quality client service, and the respect of the legal community and their peers. Our firm is rich in all of these sought after qualities. Read what our clients have said about the experience working with our highly trained staff and estate planning lawyers. Then, schedule an appointment with us for a free consultation. Contact us today.