A trust is often used as a potential tax savings component of an overall estate planning strategy. Essentially a pre-determined arrangement that allows for a trustee to hold and distribute assets, a well-crafted trust can ensure that you control how your legacy is to be distributed to your beneficiaries. And, since trusts often avoid probate, your assets can more swiftly pass on to designated heirs, and may also be subject to lesser taxation than a traditional will. Trusts can also save time and court fees for beneficiaries, as well as provide the added benefits of protecting your estate from creditors and spendthrift inheritors. A well constructed trust which bypasses probate, a matter of public record, can also ensure that the privacy of your assets are respected.
At Whitehead Law Offices, our attorneys are adept technicians in the creation of trusts. Our experience includes, but is not limited to, the creation of the following: