What are the benefits of a living trust?
- Avoid probate
- Protect assets
- Avoid the mismanagement of assets
- Holding funds for minor children
- Tax savings
- Charitable giving (Philanthropy)
- Planning special needs
- You retain control
Maybe a named beneficiary is financially irresponsible. Maybe you want to make sure that money is used for college tuition. Maybe it is smart to release the funds incrementally or allocate for special needs.
Your personal goals and desires should be discussed with a skilled living trust attorney to make sure that the trust is tailored to meet those goals. Charles (Chuck) Bendig can help you understand the different types of trusts from testamentary trusts (trusts established in accordance with your will after your death) to the many forms of living trusts (trusts established during your lifetime). We also assist clients with establishing irrevocable trusts, a form of living trust, established to minimize taxes.
How often should my living trust be updated?
More Info About Trusts
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