Estate Planning with Trusts
Trusts can be a powerful tool in your estate plan, offering flexibility, privacy, and control over how your assets are managed and distributed. By placing certain assets into a trust, you can help protect them from probate, reduce taxes, and provide long-term financial security for your beneficiaries.
Trusts can be used for many purposes — from supporting minor children or loved ones with special needs, to protecting family wealth across generations, to making charitable gifts. They can also help you maintain privacy, as trust assets generally pass outside the public probate process. The right trust structure depends on your goals, the nature of your assets, and the needs of your beneficiaries.
Common examples include inter vivos (living) trusts, created during your lifetime to manage assets and potentially avoid probate, and testamentary trusts, which are established through your will and take effect upon death. Each type comes with its own legal and tax considerations, making professional guidance essential.
Related resources that assist are:
Planning with Trusts
Please contact us if you would like to explore how a trust could fit into your estate plan to help you protect your assets, reduce taxes, and ensure your wealth is managed according to your wishes.
