Wilmington, Delaware, Attorney for Drafting Trusts
Many people have estate planning goals that cannot be accomplished through a will alone. As a lawyer committed to providing legal solutions that address all your goals and family needs, I can help you explore, evaluate and create any of numerous types of trusts. Contact my office to arrange a free initial consultation.
Drafting Trusts That Fulfill Your Specific Needs and Goals
Placing valuable assets in a trust takes them out of your estate — and eliminates the requirement that they go through the time-consuming probate process. The most common trusts are revocable trusts, which means that you maintain full control over them until your death, when one or more trustees are charged with ensuring the terms of the trust are observed and enforced. You may also choose to have court oversight of your trust.
Trusts of various types can fulfill a wide range of your estate planning goals, including:
- Protecting your assets against excessive taxation, often as part of a comprehensive plan to preserve wealth for your children and successive generations
- Designating significant assets for costly future needs, such as college education expenses
- Ensuring that substantial assets remain invested and grow well into the future while allowing periodic and measured distribution to your heirs
Life Insurance Trusts and Other Powerful Estate Planning Tools
I also have the experience necessary to put assets such as your life insurance policy into a trust to limit taxation. This is a powerful financial solution that requires considerable planning and careful legal execution, but one that can be well worth the effort. For other specialized situations, I can capably explain the nuances and handle all the details associated with:
- Irrevocable trusts
- Revocable living trusts
- Charitable trusts
- Qualified domestic trusts
If you are concerned about the time requirements, legal complexities of retitling and other challenges associated with creating a trust, I will be happy to explain and assist with all of these considerations. I have the experience to handle all necessary title changes, bank account changes and other steps associated with placing your valuable assets in a trust. Please contact me today for a free consultation on your estate planning needs.
