THINK about it – ACCOMPLISH it – and then achieve PEACE of mind. Your family will be grateful you did. Allowing your family to grieve your passing without financial distractions is a wonderful gift to them during an extremely difficult time. We are experts in estate planning, trusts, power of attorney and other legal entities which can provide representation, avoid probate expense, eliminate settlement hassles and restrain family disputes.
A Trust Plan has all the benefits of a Will plan but also provide the following:
A properly funded trust will avoid probate or the process of settling an estate in a probate court. This process can take years to complete and what most people don't know is you DO NOT have to have a large estate to fall into probate. This is one of the best gifts you can give your children.
A Trust provides the trustee of the trust the ability to manage money for future generations immediately. The trust sets forth the details and plan of action for the trustee to follow your wishes, maintain or sell assets and distribute the funds.
What will your children do with a large sum of money? The Trust can set up age based distributions to beneficiaries to help limit spending as they mature. It also allow trustees to make allocations for education, housing and weddings prior to receiving final distributions.
When assets are funded in a trust, they do not have ownership with the individual but the trust. This helps protect from creditors after death because it is as if those assets where not owned by the person who passed.
It is important that you understand that Steelestone Legal is a legal document preparation service. We are preparing documents at your request—and the documents are being prepared by a Certified Legal Document Preparer. This individual is not an attorney and cannot represent you in the practice of law. The information provided is not considered legal advice and is provided for educational use only. Any information provided to Steelestone Legal will be kept confidential and will not be sold.