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:
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.
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.
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
with The Edwards Law Firm, PL now.