Do I Need a Trust?

Protection for You & Your Family

In the midst of creating your personal will, you may be wondering about the need to prepare a trust, as well. While both documents are similar, a trust has significant benefits that a will simply doesn’t provide. A trust can make life easier on both you in the present and on your loved ones in the future when you pass away.

Fortunately, you’re not left to prepare your trust all on your own. The right legal counsel can make a world of difference in ensuring that your wishes are carried out and our firm can offer the comprehensive support you need. We have extensive estate planning experience, so turn to our Sarasota probate attorney before moving forward with your trust.

Understanding the Benefits of a Trust

By making a trust, you appoint one individual, your trustee, to oversee and manage all property held in your trust. A living trust is one that you create while you’re still alive. The assets within your trust are then distributed to predetermined beneficiaries at the time of your death. But apart from just holding your property, a trust has numerous other advantages, as well.

Three of the biggest benefits of a trust are:

  1. Avoiding probate: Dreaded by many, probate can be time-consuming and costly. All assets held in a trust, however, avoid probate and much of the drawbacks associated with it.
  2. Saving money: A trust can help reduce estate taxes on much of the property and assets that you own, particularly if they are worth a great deal of money.
  3. Preserving privacy: Unlike a will, a trust is kept private from the public eye and the distribution of assets is also kept confidential.

Get started with a Sarasota probate lawyer!

Rather than viewing a trust as one more legal burden to fulfill, think of it as an additional layer of protection for you and your family. When you are no longer around to give the final say-so, a trust can do that for you – and who doesn’t want that?

Today is the day to establish your trust, giving you the peace of mind you desire. For trusted legal counsel and assistance, schedule your consultation with The Edwards Law Firm, PL now.