Trusts

A properly drafted trust is the foundation to a more robust estate plan than a simple will. When looking at trust a revocable living trust will meet the needs and wishes of most families.

By using at trust based estate plan, you can control your property and estate to a larger degree than with a will. Additionally, you can plan not only for your death, but also for your disability during your lifetime.

With a properly drafted and funded trust based estate plan, you can make sure that you maintain control of your property during your lifetime, plan for any disability or incapacity you may encounter and make sure after your death that your property goes to who you want how you want. A trust can also be used not only to transfer property to your family members at your death, but to also protect your family from predators and creditors that may try to take your legacy away from them.

One of the major advantages to using a trust to administer your estate is that property can be administered without the need for a probate case. This will help your family to greatly reduce the costs of administering your estate at your passing. Additionally, this will help keep your estate and family assets private and away from the prying eyes of the public or others you don’t want to know your personal information.

Some things to consider when looking to draft a trust based estate plan: If the trust is not funded properly, and administered during your lifetime properly, it will not meet your desires and will not avoid probate. Additionally, it is important to have a trust drafted that not only lays out your desires for your property, but a more robust trust that also contains instructions for your loved ones and family to ensure they know not only what to do, but why you desire them to do so.