When you create a trust, you are putting in place a legal arrangement that will protect your assets for the benefit of someone else. This can be a very important step, especially if you have children or other loved ones who may need some help down the road. A trust can provide peace of mind, knowing that your loved ones will be taken care of even if something happens to you.
In addition, trusts can be helpful in estate planning. They can allow you to pass on your assets to your heirs in a tax-efficient way, and they can also help protect those assets from creditors. If you want to make sure your estate is handled in the way you want, starting a trust is a great way to do that.
Concerned about what will happen to your assets after your death? At the Law Office of Polly Tatum, we are here to help you take control of your assets by setting up a trust, which serves to avoid probate after your death. Because the assets placed in a trust are able to pass outside of probate, it saves time and court fees and may reduce estate taxes. Call us today to begin setting up a trust. |