Trusts are a valuable and necessary planning tool to protect your family, your assets, and dictate your wishes after you are gone. Unfortunately, and all to often, we wait too long to do this important work, forcing the estate into an expensive probate, costly payment of estate taxes, and other calamities. It is not unusual to see an estate shrink to one-half the size because of poor estate planning.

A will has certain limitations as well. Many people think a will is all the direction required to dispose of your estate. Unfortunately a will is only INSTRUCTIONS TO THE PROBATE COURT. It does not offer an alternative to court. Attorneys' fees consume much of the estate as the court goes through the process of evaluating the validity of the will, the intent of the party writing the will, and the change of ownership requests. In the eras of the past, wills were the only inexpensive way to handle your small and medium estates, leaving such things as a trust to only the wealthy. This is no longer true and most people would prefer to keep the Courts out of their estate distributions.

In the last 15 years, the IRS has simplified the rules for owning and managing a trust. Trusts are as seamlessly operated as your checking account. The trust need not have a separate tax ID number. You remain owner and retain control of all your assets. The trust can provide for surviving spouses and children, deferring all taxes that may be owed until after the death of the survivor. Proper trust planning can save substantial estate taxes. A trust is not an instruction to the Court, instead it is an instruction to the person you appoint as trustee. No probate is necessary.

A trust is highly recommended for any single person or couple that owns a house. Protect yourself and your family against creditors and preserve the hard earned assets you have accumulated. Whether you are young or old, you can benefit from estate planning.

We offer a free consultation for any client who wishes to consult us on their estate and estate planning needs. Many times a trust can be created at the same cost as a simple will. Please call us at 1-888-752-7474 or Contact Us Online for your free consultation.