Trusts

Experienced Attorneys Ready to Help With Your Estate Planning Needs

A trust is a legal contract between at least two parties known as a grantor and one or more trustees. The grantor is a person with assets who would like a trustee to hold for the benefit of one or more beneficiaries. These assets are usually money or property. A trustee is appointed in the trust document that manages the trust for the benefit of one or more named beneficiaries.

Benefits to Having a Trust:

  • Control
    You can specify the terms of the trust, meaning a trust help protect assets after a divorce or control when your children receive your money. You can even control how a person is to spend the money after you leave it to them.
  • Privacy
    Assets in trusts do not have to go through probate, meaning the process will not be in public record. This can be helpful if you do not want your distributions to be public.
  • Time
    Probate can be a lengthy process, sometimes taking several months. Trusts can avoid probate, which allows your heirs to receive their assets faster.
  • Potential Tax Savings
    Some types of trusts can lower your estate taxes. However, not everyone is required to pay estate taxes. Consult with your Lulich & Attorneys Trust Lawyer before attempting this strategy as it might not pertain to your situation.

Trust Attorneys Assisting the Residents of Indian River County

Choosing to work with a Trust Attorney at Lulich & Attorneys can help you create a trust that works in your best interest. In some cases, assets can be heavily taxed, which greatly reduces the amounts received by your beneficiaries. A trust is an excellent way to manage your assets in a private manner that ensures they are distributed to your beneficiaries after your death.