Estate Planning attorney, Jonathan Callister can help to set up a trust for you and your loved ones. We are experienced in creating Living Trusts and Irrevocable Trusts to help avoid the probate process.
A living trust is sometimes referred to as a revocable trust, Inter vivos trust or family trust. A living trust is a document in which an individual called a trustee holds the legal title to property for another person (beneficiary). The trustee maybe appointed or may also be the person setting up the Trust. He or she may also be a beneficiary of the trust enabling you to keep full control over all property held in the trust.
The creation of the trust helps avoid probate, which may take months, if not years and also assists in the benefits of tax planning.
One of the greatest benefits of a living trust is that it protects your family’s assets from divorce, failed marriages, bankruptcy, drug addiction, and other creditor problems. Without a living trust a will would most likely leave property to the heirs, which could subject property to seizure and attachment by creditors.