The Beauty of Trusts
A "Trust" is a legal concept that allows a property owner to divide their property interests between multiple parties or institutions for a variety of purposes, including:
- Easier management of property
- Minimizing tax liability
- Asset protection from financial liability
- Providing for disabled or minor children
- Preservation of certain government benefits
- Long-term funding of charitable causes
- Avoiding Probate
The above list in not exclusive as Trusts can be created for just about any legal purpose imaginable. Because of their flexibility, trusts are frequently utilized by Elder Law and Estate Planning attorneys when drafting estate or long-term care plans. Whether it is a revocable or an irrevocable trust, a testamentary or an inter-vivos ("living") trust, Platt Law, P.C. can help you determine what will best help you achieve your planning goals. We always keep the values and aims of our clients foremost in our minds as we work with you to develop your estate plan.
Call us or click here to schedule a consultation to discuss your planning needs.