As time passes, questions regarding what will happen in the future will arise more and more. Let these questions go unanswered for too long and your family run the risk of being left tangled in complicated legal or financial stress.
Depending on your financial situation, a will alone may be enough. But under special circumstances, a trust is your best option.
What is a Trust?
A trust is a special agreement that states what and how the grantor (you) wants their assets divided upon death. A trustee is appointed, be it family or friend, who will fully understand the trust and fulfill the terms.
Why Establish a Trust?
One of the most common necessities for creating a trust is to reduce any estate tax liability, protect property, or avoid probate.
Perhaps one of the most important reasons to create a trust is so that you and your family can rest easy knowing that there are proper avenues in place and that everyone will be safe after you have passed.
You can address any concerns you may have for the future, regarding:
1. Family members with disabilities
2. Irresponsible heirs
3. Whether the bulk of your estate should go to your children, grandchildren or spouse
4. Which charities you would like to make a sizable donation towards
Contact the Law Office of Anthony J. Falangetti at (800) 923-1776 to schedule a consultation. State laws vary regarding trusts, so it’s best to consult a legal expert in the matter. The future may not be guaranteed, but let Anthony Falangetti provide you with the tools to help you and your family build a financial structure that will set them up for decades to come.
What is Spendthrift Trust?
Should I Setup a Will and/or Trust?
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