Should You Form a Trust?
You have likely heard of a living trust, but perhaps you never considered whether a trust would benefit you and your family. Trusts are legal tools that many people use to achieve various estate planning goals, and the best way to know whether a trust is right for you is to consult with an experienced Boca Raton estate planning attorney.
Benefits of a Trust
A living trust can have many estate planning benefits, such as:
Avoiding probate – Any property or assets held in trust are not required to go through the probate process. Instead, the successor trustee who you designate can distribute the property straight from the trust according to your instructions. This can simplify the probate process for your family members significantly.
Greater control over distributions – When you only have a will, the distributions of your property will happen all at once. This is not necessarily ideal if you have minor children or beneficiaries who might be irresponsible with money. A trust, on the other hand, allows you to have more control over how – and when – your beneficiaries receive your property. You can give distributions in smaller installments over time while the trustee manages the trust property.
An estate planning lawyer can review your situation and advise you whether you and your beneficiaries could benefit from a living trust. If so, we can assist you in creating your trust, setting out proper instructions that meet your goals, and choosing a successor trustee.
Discuss Your Options with a Boca Raton Estate Planning Lawyer
Trusts might seem intimidating, but they are a fairly common estate planning tool, and the Boca Raton estate planning attorneys at Rubino Findley, PLLC, can guide you through the trust creation process. Contact us online or call 561.220.8464 to discuss your estate planning needs and questions today.