What is a trust and how do I set one up?
A trust as stated by the dictionary is “confidence placed in a person by
making that person the nominal owner of property to be held or used for the benefit
of one or more others.” Many people think that a trust is only useful for those that
are rich but that’s not the case, a trust can also be very helpful for people with minor
children or for those that want to avoid having their estate go through probate upon
To set up a trust you need to work with a trusted & experienced attorney to
ensure that it will cover all the base and create a secure document that can be
bullet-proof in court. You want to establish a well-designed trust that protects your
property or assets for the person who created it.
Another benefit of having a trust established? It doesn’t go through the probate
process like a will does, with a trust you can make sure your children are taken care
of, provide management of personal assets if you should become un able to, avoid
probate after death, reducing estate taxes and providing liquid assets to help pay for
them, and a trust allows more privacy.
Trusts & estate plans can feel overwhelming, which is exactly why at Appleby
Healy Law we offer you a personal consultation at NO charge. Simply call or click
today to schedule your meeting.