What Trusts Can Do for You and Your Beneficiaries
Trusts can be very helpful estate planning vehicles for people who wish to avoid the time and expense of the probate process. Trusts can also provide a way to avoid certain estate taxes. Another advantage of using trusts is the ability to maintain privacy about your estate and your beneficiaries. Probate administration proceedings are matters of public record. Trust administration proceedings are not.
There are inherent advantages and disadvantages to using trusts, and they may not be the right solution for each person. Be sure that you talk to an experienced Georgia trusts lawyer who can help you understand how trusts work and what they may or may not, be able to do for you. At Abbott & Abbott, we can help you form a trust to accommodate any need you may have.
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Understanding How Trusts Work
When you put property into a trust, you establish the guidelines as to how the property should be invested, when and how the trust assets are to be distributed, what will be done with a beneficiary's share if he or she should pass away before the trust is distributed and other matters. Trustees will manage the trust assets according to your wishes until the time comes for distribution.
Our attorneys can help you set up any type of trust, including:
- Revocable and irrevocable trusts
- Special needs trusts
- Charitable trusts
- Education trusts
- Insurance trusts
Contact Us for a Free 30-Minute Consultation
For a free 30-minute consultation with our Canton and Marietta lawyers to get your questions answered about trusts and other estate planning matters, contact us today. We accept all major credit cards.