A trust is an arrangement by which a person or company agrees to hold assets for someone else. Things that are held in a trust include property, shares, or a business. If you transfer or purchase assets in a trust, you do not own the belongings in your name. The trustee is in charge of the assets, but you decide how they are handled. If you need a trust, then it is important to hire a qualified attorney to help you with the proceedings.
A trust is an excellent means for protecting your assets in both life and after death. It can give some form of financial security for your loved ones. An experienced attorney can help you know exactly what you need when preparing your trust.
There are several different types of trusts. A living trust is one in which your assets are implemented and controlled by you while you are alive. They are also dispensed to your beneficiaries after you die.
You can also choose to have a testamentary trust which is effective upon your death. It is connected to your will and can help your beneficiaries avoid or decrease estate taxes.
The Jayson Law Group is knowledgeable of the laws in your state concerning trusts, including business law related matters. We will also be aware of the tax implications of your trust. Whether you have a small estate or a large one, our attorneys can help make sure that your property is distributed the way you desire.
Our attorneys can help you decide how you want your assets distributed and what your goals should be for the future. They can assist you in understanding what your beneficiaries will need in order to be financially secure.
Our lawyers can also advise you how to alter your trust if your life changes in any way. If you get divorced or married again, it could affect your trust, so changes might need to be made. We will help you complete any paperwork that needs to be executed. Contact our law office today for an immediate consultation regarding your trust.