How Can A Trust Help Me And My Loved Ones?
A trust is a legal agreement where property is owned and/or managed by one person or organization for the benefit of another. A trustor initially establishes and manages the trust for his or her own benefit during their lifetime, and for the future benefit of any number of beneficiaries upon their death. A trustor must also identify and nominate an individual or professional to continue the management of the trust beyond their lifetime.
Revocable or living trusts allow for the trustor to change, modify or revoke the trust at any point during their lifetime. Unlike a will, a trust is effective immediately and will continue to serve your needs and wishes throughout your lifetime and beyond, even in the event of injury, incapacity or death. Trusts are vehicles for asset management during your lifetimes, during any instance of incapacity and after death by facilitating the specific distribution or retention of assets intended by the creators for their beneficiaries.
At Lincoln & Wenk, PLLC, we make it our goal to understand the specific goals of each client seeking to establish a trust and work with our clients to meet or exceed those goals. The benefits available through the creation of a trust allow us to serve a wide range of estate planning needs, from the straightforward to the complex. The ability to tailor a trust to address very specific situations and criteria makes this estate planning tool very attractive to many clients who understand the importance of creating well-established instructions.
Review our testimonials page to learn more about how we treat our clients.
If you would like to discuss adding a trust in your estate plan, or establish a new estate plan including a trust, we can help you explore your options and discuss the trust or trusts that will accomplish your goals. To schedule an initial consultation, call 623-748-4890 or contact us online.