Creating trusts can provide security and savings in the execution of an estate.
If you are concerned that your assets or estate could be reduced after running through the gauntlet of probate taxes and legal fees, or if you need information about managing assets now and upon death in order to maximize your estate for your heirs or beneficiaries, then it’s time to talk to a qualified estate and trust lawyer about setting up financial trusts.
Professional legal help and the creation of trusts can preserve your wealth for the next generation, as well as avoiding lengthy probate procedures. When intended as a substitute for a will, ownership of the trust assets passes directly to its beneficiaries upon your death. This method avoids probate taxes as well as reducing the delay and expenses of probate – leaving your legacy intact. For younger beneficiaries, trusts can be structured to ensure professional management until such time as they come of age and can take over management themselves.
Davidson Pringle LLP provides our clients with personalized and cost-effective trust planning. We will work hand-in-hand with you to discover your wishes, and then plan and establish a trust that protects your wealth for your beneficiaries and reduces expenses. No estate is too small or too big to plan for the future.
If you are seeking legal advice and would like a professional opinion we are here to help.