Learn Whether A Trust May Be Right For You
One of the tools available via estate planning is a trust, which is a legal entity designed to manage asset distribution based on certain conditions. As an estate planning attorney with nearly 40 years of experience, I understand the ways in which a trust differs from a will and how it can be used to benefit your family.
What Are The Benefits Of A Trust?
A trust can be used in Louisiana to benefit members of your family in many ways, and I am ready to discuss when it could be right for your family. Trusts have two significant benefits:
They are flexible. A trust can include many things, including money, property or a business. Further, it can be changed, modified or revoked at any time by the trustee in many situations. Put another way, a trust allows you to examine the potential needs of each family member and base the trust on how they will live their lives.
- They are conditional. Unlike a will, which takes effect when you die, a trust can remain conditional based on the beneficiary’s situation. For example, you can leave a specific amount of money to a grandchild after they graduate college, then save a little more to give them when they turn 30 years old and want to buy a house.
Is A Trust Right For My Loved Ones?
Determining whether or not a trust is right for your family can be done with my help as an estate planning lawyer. In some circumstances, a trust can be a useful tool in securing the future for your loved ones, but you should consider its costs and management needs carefully.
Appointments are available at my office in Shreveport to discuss the benefits of a trust. Call me today at 318-716-7275, or send a secure email to set up your appointment.