As you’re planning your estate, there are many things to think about. When you meet with a probate and estate planning attorney, you’ll want to set up a will as well as other important documents. You may also want to establish a trust. If you aren’t familiar with this process, here’s an overview from Trimnal & Myers Attorneys.
What is a trust?
A trust is an arrangement in which a designated person holds assets on behalf of a beneficiary. There are many different types of trusts. An estate planning lawyer will help you choose the right one based on your assets and how you want them distributed.
How is this related to probate law?
Trusts are often created to avoid complicated probate matters in the future. For example, your trustees may be able to obtain your assets faster than if you had only a traditional will.
What other benefits can I expect when I set up a trust?
Trusts give you full control over your financial matters while protecting your legacy. To learn more, speak with an estate planning attorney about whether or not a trust may be right for you and your family.
Work with an estate planning lawyer for these and other matters by contacting Trimnal & Myers Attorneys. We’ll be happy to talk with you about the different types of trusts and help you decide what will work best for you.