Understanding The Value Of Trusts
While many people believe that trusts are only used by the wealthy, the truth is that trusts are designed to help people for a variety of situations. A trust can help you protect assets from creditor claims and it can help you pass assets to children or other loved ones while you are still alive. Trusts can also be a very useful financial planning tool to help you minimize taxes and keep investments protected from public disclosure during the probate process. They can also be a management tool in the event of disability or to provide expert financial management.
At Gordon & Sykes, LLP we explain the benefits of a trust and what type of trust may be appropriate for your needs. We create estate plans that are designed to plan for the future and avoid contests that can lead to costly trust litigation. If you would like to learn more about our legal services and how we can help you, please contact us today to schedule an appointment.
Types Of Trusts
The Tarrant County trust attorneys at our firm can help you decide and draft any type of trust that fits your needs, such as:
- Educational trusts
- Charitable trusts
- Special needs trusts
- Insurance trusts
- Living trusts
- Bypass trusts
- Inter vivos trusts
- Testamentary trusts
We provide practical advice for Medicaid eligibility and VA benefits as well as minimize estate and gift taxes. Trusts are also an invaluable estate planning tool that can help you avoid the time and cost involved with the probate process and provide financial privacy. Trusts can also be used if you have remarried and wish to segregate assets going to your children from a first marriage or other family members.
Trusts are also often used to protect the assets of elderly individuals and ensure that their assets are used for their care and are properly managed.
Contact An Experienced Lawyer
No matter what your needs, we are prepared to help you protect your assets and to carry out your intentions by creating trusts or other legal documents that can help you. To learn more please call our Fort Worth, Texas, law office at 817-717-1048 or reach us online to set up an appointment.