Establish A Trust With Confidence
- Revocable living trusts
- Irrevocable trusts
- Special-needs trusts
- IRA trusts
- 401(k) trusts
- Irrevocable life insurance trusts
- Charitable remainder trusts
- Domestic asset protection trusts
- Veterans trusts
- QTIP trusts
- Miller trusts or qualified income trusts
- Qualified personal residence trusts
- Dynasty trusts
- Intentionally defective grantor trusts
- Offshore trusts
Once we’ve helped you identify and establish the type or types of trusts that are right for you, we’ll be here to answer your questions and support you in managing the trust(s) during your lifetime. We also help trustees understand their fiduciary duties and provide practical pointers on asset investment, trustee powers and other issues that minimize the risk of trust disputes and trust litigation.
Why Use Trusts In Estate Planning?
“My estate isn’t large enough to justify the expense and hassle of setting up a trust…I’d like to establish a trust but haven’t because I don’t want to give up control of my assets.”
If either of these thoughts has occurred to you, you’re not alone – these are common misconceptions. The truth is that trusts are incredibly useful estate planning tools most people can benefit from, regardless of the size of the estate involved.
How so? To start with, a skillfully drafted trust can:
- Avoid thousands of dollars in probate costs
- Protect your privacy
- Pass wealth down through successive generations (lessening tax liability)
- Safeguard assets from grabs by spouses and creditors
You can even use a trust to protect those assets from a beneficiary’s own human shortcomings with respect to drug and alcohol use, gambling habits or other personal issues.
Georgia trust attorney Russell Hodges can also create family limited partnerships and protected LLCs that comply with the laws of other states so you can gain even more protection for your business and other assets from creditors or divorcing spouses.
Talk About Establishing Trusts In A Free Consultation
Whatever your reasons for wanting to explore the possibility of using a trust as part of your estate plan, we’re here to help and have the experience needed to make it happen. Contact us online or by telephone at 678-608-1746or toll-free at 888-586-2621 to schedule a free initial consultation.
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