What Is A Trust?
Every person and married couple should have a simple estate plan, at the very minimum. Other people and families stand to benefit from more complex estate planning tools, such as trusts. At Jordan Fields, P.A., our attorneys provide guidance and assistance to individuals and families in Stuart, Florida, and across the Treasure Coast and beyond with all kinds of estate planning tools, including wills and trusts.
A Trust Is…
- A trust is a legal tool in which property and assets can be held for your own future or the benefit of your heirs. Trust documents detail exactly how the trust is funded and the terms of the distribution of the trust. While trusts may not be right for everyone, they can be a reliable way of protecting assets and avoiding future estate taxes.
- Wills and trusts are both means to dispose of your assets upon your death. However, trusts can help resolve a number of additional issues. If you own a closely held or family-owned business, or if you are entering into a second or subsequent marriage and want to ensure that your children from a previous union are properly provided for, a trust can help you accomplish many of your goals.
- Many clients throughout Florida can benefit from a revocable living trust. A revocable living trust can help you manage your assets and plan for incapacity. Additionally, assets placed in a trust are not subject to the probate process. We also help clients who need a strategy to avoid any estate tax issues. We are able to assist in all types of asset protection, including:
- Special needs trusts
- Marital trusts
- Credit shelter trusts
- Life insurance trusts
- QTIP trusts
Schedule A Consultation With One Of Our Lawyers Today
To get answers to your questions, including “what is a trust” and “how can a trust benefit my estate,” contact us online or call us at 772-600-4203 or 888-340-4073. We offer reasonable rates and are a member of the AARP Legal Services Network.