A living trust attorney can provide you with help in protecting your privacy as well as the privacy of your heirs or beneficiaries. It is important that you have a plan in place to transfer your wealth that addresses the needs of your loved ones. For many people, one of the key things that they are concerned about when receiving an inheritance is making sure that all of their financial details do not become public record. The creation of a living trust can help to ensure that does not … [Read more...] about How a Living Trust Attorney Helps You Protect Your Privacy
Essex Junction living trust attorneys can provide you with help and support as you make plans to leave your legacy. While many people use a will to determine who will inherit and how assets will pass on to loved ones, your heirs or beneficiaries would likely prefer it if you would use a living trust. When you create a living trust and transfer assets into it, assets can transfer outside of the probate process. Unsworth LaPlante, PLLC can help you to determine what this would mean to your … [Read more...] about Why Your Heirs Would Prefer Living Trusts
One of the primary reasons for trust creation is the fact that when you have created a trust, the assets held within the trust can pass through the trust administration process. The trust administration process is more private, faster, easier, and less costly than the probate process, which Investopedia estimates can take around a year to complete and can cost up to three percent to seven percent of the value of the estate. The trust administration process should also be able to take place … [Read more...] about Who Should You Put in Charge of Trust Administration?
A Burlington living trust attorney provides help with the trust creation process so a trust that is created by a trust creator (or settlor) can offer the desired protection for family and assets. One of the key decisions that is made during the trust creation process is the choice of who should serve as a trustee. The trustee has tremendous responsibility during the trust administration process and must be capable of managing trust assets in an appropriate way in case of the incapacity of the … [Read more...] about What to Know About Being a Trustee
Burlington elder law attorneys can help you to plan for the best way to leave an inheritance for loved ones. We can also provide assistance to heirs or beneficiaries who want to protect their inheritance, and who want to understand the process for how their inheritance will transfer onto them. One situation where it is especially important to get legal help is when a trust is used to transfer assets onto new owners. Trusts can be a powerful estate planning tool, but you want to ensure you … [Read more...] about What to Know About Being a Trust Beneficiary
A Burlington living trust lawyer can help you to understand what legal tools you can use to keep your assets and your family protected. Trusts are versatile tools that can be very useful in reducing the risk of wealth being lost. Trusts can also be very beneficial if your goal is to provide financial help and support or to provide gifts of money and assets to family members. There are different kinds of trusts, with various pros and cons to each, so if you are thinking about trust creation, you … [Read more...] about 3 Ways a Living Trust Can Benefit You
Burlington living trust attorneys provide the type of comprehensive advice and assistance that you need to use trusts effectively to protect your family and assets. Trusts are a versatile, powerful legal tool but there are different kinds of trusts and making the wrong type of trust could end up being a big problem. Because trusts often provide very important protections – and because trusts are created for a reason – you cannot afford to make mistakes with any aspect of trust … [Read more...] about What if You Make the Wrong Type of Trust?
A Burlington living trust lawyer can provide help with the creation of a living trust, or a revocable living trust as it is also called. A living trust is a powerful and versatile legal tool that can offer important protection for your assets and for your heirs or beneficiaries. However, a living trust is not right for everyone so you need to know what this kind of trust does to decide if you should create one. Many people believe that creating a living trust, or creating any type of trust, … [Read more...] about Do You Need to be Rich to Create a Living Trust?
It is important that you understand the differences between a revocable vs. irrevocable trust if you are considering including a trust in your estate plan. Trusts can be a powerful legal tool when used properly, but the right kind of trust must be chosen to meet your specific needs. Unsworth LaPlante, PLLC can provide you with guidance on the different types of trusts so you can select the right one. Once you have made the decision to create a revocable or an irrevocable trust, you also need … [Read more...] about Revocable vs. Irrevocable Trust: Which is Right for You?
A testamentary trust is a trust that you create within your last will and testament. You can work with an experienced attorney to include a testamentary trust in your will so you are able to designate a trustee to manage certain assets. If you have a beneficiary who you want to take care of, but you don't want to directly give money or property to that person, a testamentary trust could be the answer. Unsworth LaPlante, PLLC can help you to understand what a testamentary trust is and how … [Read more...] about 3 Benefits of a Testamentary Trust