A trust can be a powerful tool for anyone who is planning their estate. Estate planning is a process of determining where your asses will go after death, who will make sure your wishes are met, and organizing how to achieve each one of your other goals. Trusts are a key component of this because they act as their own legal identity, allowing you to gain a bit more control over them.
Why Should You Use Trusts?
When you meet with our Chester County and Delaware County, PA trust attorneys, you will learn if they can help you. By establishing a trust, it may be possible to protect some of your assets within it, reducing the amount of assets that must pass through probate court. This can help you, for example, minimize loss of assets you wish to pass to your child, grandchild, a charity, or another organization. Trusts offer a number of benefits:
- They protect your assets from excessive taxes.
- You can make decisions over how the funds within them are used.
- Trusts minimize the risks of probate court.
Should You Consider Them?
If you have assets you wish to protect, it is wise to consider the value of a trust. When you meet with our team, we can discuss how to establish them, who will manage them, and how you can achieve any goals you have with them.
We encourage you to schedule a consultation with our Delaware County and Chester County, PA trust and estate planning attorneys. Work with us to determine the best way to protect your wishes after your death while also minimizing taxes and helping your loved ones to get as much as possible from your estate.
Call our offices today to learn more about the services we can offer to you here.
