Trusts

What are Trusts?

Trusts are a method of estate transfer that can occur prior to or at death and avoid many of the downsides of a will including probate, tax considerations, and administration.  A trust document is executed by the settler’s transfer of the “res” or property immediately into the trust to be manage by the trustee under the terms of the trust.

A trust may be a permanent transfer of property and control, as in an “irrevocable trust”.  Or a trust can be a conditional transfer of property and control, as in an “irrevocable trust”.  Trust constructions and issues are complicated but can save you a considerable amount to your estate in taxes.

There are a number of different types of trusts you can create:

• Revocable
• Irrevocable
• Asset Protection
• Charitable
• Constructive
• Special Needs
• Spendthrift
• Tax By-Pass

Schedule a free estate planning consultation with an experienced estate planning attorney at Merna Law today by clicking on this link. 

Call to schedule a free estate planning consultation with an experienced estate planning attorney at Merna Law today by clicking on this link.