Trusts
Protect, manage, and distribute your assets according to your wishes, and ensure that your intended future beneficiaries are secured
At S&M Law, we can help you with your Trust matters and ensure that the whole process is handled as efficiently and meticulously as possible, tailored to your exact specifications and wishes, and fully completed as expeditiously as you need. Contact us now to get started
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What is a Trust
A Trust is an estate planning tool that immediately goes into effect as soon as it's been signed and funded
Trusts provide control over the distribution of assets
Trusts provide their benefits for both during your lifetime and after
Benefits of a Trust
Trusts give you the benefit of controlling the management and distribution of your assets, both currently during your lifetime and continuing after
Trusts allow you to avoid the probate process, which could otherwise take a prolonged amount of time and result in significant costs
Trusts have no or limited involvement of the court, unlike the probate process
Types of Trusts
Revocable Trusts
Also known as living trusts
Can be changed or canceled anytime during your lifetime
Not a part of the public record
Ensures your asset management is still handled to your exact intentions in case of incapacity
Irrevocable Trusts
Can’t be changed or canceled after they’ve been established
Protects Assets from creditors, lawsuits, and ex-spouses
Ensure that your assets are distributed to your intended beneficiaries
Assets contained in an irrevocable trust aren’t counted toward Medicaid eligibility
Specialized Trusts
Trusts made specifically for your unique family circumstances
Types of Specialized Trusts:
Special Needs Trusts-
Provide for loved ones with disabilities and provide the financial resources they need
Charitable Trusts-
Allow you to provide for your charitable organizations of choice
Generation Skipping Trusts-
Allow you to distribute assets to beneficiaries at least two generations your junior, typically being your grandchildren
There are many avenues and possibilities involved with establishing Trusts
We can help you establish the right Trust for you and your unique circumstances, and ensure that the whole process is handled properly, adhering to all legal requirements, and created according to your exact desires
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