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A trust lawyer, also known as an estate planning attorney or trust and estate attorney, specializes in helping individuals and families plan for the distribution of their assets, management of their wealth, and other related legal matters. Trusts are legal entities that can be used to hold and distribute assets for the benefit of others.
Through trust:
- Probate can be avoided
- Estate taxes can be reduced
- Assets can be protected from creditors
- Minor children or disabled adults can be benefitted
- Assets can be managed for charitable purposes
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A trust can be used for variety of purposes and a trust lawyer can help you in:
- Creating and Administering Trusts: Trust lawyers assist clients in creating various types of trusts, such as revocable living trusts, irrevocable trusts, charitable trusts, and more and ensure compliance with state and federal laws.
- Estate Planning: Trust lawyers work with clients to develop comprehensive estate plans. This may involve drafting wills, powers of attorney, and other documents that govern the distribution of assets upon death or incapacitation.
- Asset Protection: Trust lawyers help clients protect their assets from creditors, lawsuits, and other potential threats.
- Tax Planning: Trust lawyers are knowledgeable about tax laws and help clients minimize their estate tax liability and guide in reducing the tax burdens.
- Probate Avoidance: Trusts are often used as a means to avoid the probate process, which can be time-consuming and costly.
- Trust Administration: If a client is named as a trustee or executor of an estate, the trust lawyer can provide guidance on their fiduciary duties.
- Special Needs Planning: Trust lawyers assist families with special needs individuals by setting up special needs trusts that provide for the financial well-being of the individual without jeopardizing their eligibility for government benefits.
- Charitable Giving: Trust lawyers can help clients establish charitable trusts and foundations to support their philanthropic goals.
- Litigation and Dispute Resolution: Trust lawyer can represent clients in disputes over trusts or estates.
If you are considering creating a trust, it is important to consult with a trust lawyer. At Law Office of Antoniette Jauregui, we can help you understand the different types of trusts available, the pros and cons of each type of trust, and how to create a trust that meets your specific needs.
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