Trust
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About Trust
Though we tend to brush off the thoughts of what would happen if you die, having dependents makes this a necessity.
And the best way to ensure that things go your way is having a trust.
Well, this is where the trust attorneys at Leonard Law, PLLC comes in. our attorneys will ensure that your estates, however complex and extensive, are managed based on your wishes.
Revocable Vs Irrevocable Trust
Revocable Trust
Being the grantor, you reserve the rights to your estate and can implement changes at will. And if you wish to, you can revoke the trust.
Since the assets bear your name, they are considered your private property. And for this, a creditor can possess your property if you fail to pay.
Irrevocable Trust
For an irrevocable trust, you completely give up your rights to the property. With this, you’ll protect your assets against debtors and lower your taxes.
At Leonard Law, PLLC, we’ll ensure that you maintain your lifestyle and that your beneficiaries benefit from your legacy.
Navigating Estate Complications
Here are some issues that could complicate the running of your estate:
- Divorce
- Multiple children
- No children
- Multiple marriages
- Disabled dependents
- Business Ownership
- Debts
- Huge investments
- Taxable estates
- Problem Children