Trust, Will & Estates

Protect your assets.

You have worked hard your whole life to build your savings, and after all is said and done, you want to pass your estate down to your heirs. If you’re not careful, this process can go painfully wrong. Fees, taxes, and legal costs set you back, and it’s possible your heirs won’t receive what you had intended. Fortunately, this can be avoided, and the steps to take are simple, we have gone through the process many times and are able to help.

Creating A Living Trust

When you create a living trust you can act as your own trustee, so there are no management fees or loss of control. You can change or modify the trust terms at any time, change beneficiaries, add or delete assets held by the trust without tax consequences.

A living trust does not complicate the management of your assets. While protecting your property within a living trust, you can do whatever you can do now with your assets and property. You can buy, sell, borrow, make gifts, etc. With a living trust you retain control over all your property and assets during your lifetime, and you determine distribution of your estate after your death. Since a living trust is revocable, it has no income tax consequences during your lifetime; no separate tax return is even filed, and all trust income is reported under your social security number.