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last-will

Attorney drafted and state specific.

20 clients at a time.

What’s included

This is a general list of services, but please note that the specific offerings may differ

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Why you need a Trust

Trusts can serve various purposes, including:

Estate Planning:

Trusts can help manage the distribution of assets upon the trustor's death, potentially avoiding probate and providing more control over how assets are distributed among heirs.

Asset Protection

Certain types of trusts can provide protection from creditors or legal claims, shielding the trust's assets from potential liabilities.

Tax Planning

Some trusts are designed to minimize estate and gift taxes by structuring asset transfers in a way that takes advantage of tax exemptions and deductions.

Charitable Giving

Charitable trusts allow individuals to make contributions to charitable organizations while also providing income to beneficiaries during their lifetime.

Special Needs Planning

Trusts can be established to provide financial support for individuals with disabilities without jeopardizing their eligibility for government benefits.

Family Wealth Management

Family trusts can be created to manage and preserve family wealth for future generations, with provisions for distributions based on specific criteria or milestones.

last will
Last Will

Attorney Drafted Trust Considerations:

Complexity

If your estate plan involves multiple assets, beneficiaries with special needs, or complex family dynamics, working with an attorney might be a wise choice.

Assets

If you have valuable or intricate assets (businesses, real estate, investments), an attorney can help structure the trust to manage and distribute them appropriately.

Legal Advice

If you're uncertain about legal terms, potential issues, or the best way to structure your trust, seeking legal advice from an attorney is highly recommended.

Peace of Mind

An attorney-drafted trust provides a higher level of assurance that your wishes will be carried out as intended and that your estate plan is legally sound.

In conclusion, the decision between attorney-drafted and self-service trusts depends on the complexity of your estate, your comfort with legal documents, your budget, and the level of legal advice you require. For more intricate estates or situations, seeking the assistance of an experienced estate planning attorney is often advisable.
Disclaimer: Clocr, Inc., is not a law firms and we do not provide legal advice.

Frequently Asked Questions

A trust is a legal arrangement in which a person (the “trustor” or “grantor”) transfers assets, such as money, property, or investments, to another person or entity (the “trustee”) to hold and manage for the benefit of one or more individuals or organizations (the “beneficiaries”). Trusts are commonly used for estate planning, asset protection, and managing the distribution of wealth over time.

The person who creates the trust and transfers assets into it. The trustor specifies the terms and conditions under which the assets are to be managed and distributed.
The individual or entity responsible for managing the trust’s assets and carrying out the trust’s instructions according to the trust document. Trustees have a fiduciary duty to act in the best interests of the beneficiaries. Beneficiaries: The individuals, groups, or organizations designated to receive the benefits or distributions from the trust. Beneficiaries can include the trustor themselves, their family members, charities, or other entities.
The choice between a will and a trust depends on your specific goals, financial situation, and preferences. For simple estate plans, a will may suffice. However, if you want to avoid probate, provide for ongoing care of beneficiaries, manage complex assets, or implement tax planning strategies, a trust might be more suitable. It’s important to consult with legal and financial professionals to determine the best approach for your individual circumstances. In some cases, a comprehensive estate plan might include both a will and one or more trusts to achieve specific objectives.
Trust Document: A legal document that outlines the terms and conditions of the trust, including instructions for how the assets should be managed and distributed, and the rights and responsibilities of the trustee and beneficiaries.

Experience the advantages of our Family Trust: asset protection, efficient estate planning, and secure wealth for future generations.