Do Not Delay Your Estate Planning
One of the most common reasons people have for delaying their estate plan is the complicated nature of estate planning. Testamentary trusts, guardianships and other aspects of the estate planning process simply don’t make sense to people, so they naturally avoid it. And if simple wills seem complicated, all the various trust documents available seem impossible.
At The Siegel Law Firm, P.A., we understand where you’re coming from. But we also know how important it is to have a solid estate plan in place as soon as possible. Once your estate plan is made, it is much simpler to go back and make small changes down the road if needed. Our attorneys have decades of combined experience serving clients in Jupiter, Florida, and throughout the southern part of the state. We can help you through the process of creating trust instruments as part of a coordinated, comprehensive estate plan.
Types Of Trusts
- Living trust: With a living trust, you will retain greater control of the assets that will be distributed and how they will be distributed. A living trust is often more efficient in its distribution of assets than a will would be.
- Special needs trust: Parents of children with special needs can use a special needs trust as a way to manage the ongoing care and provision of their child. Like other trusts, a special needs trust creates a trustee charged with managing the trust, its investments and distributions.
- Asset protection trust: This type of trust is created to help shield your assets from creditors. There are numerous limitations, benefits and nuances involved in asset protection trusts, but our lawyers can help you determine whether this type of trust benefits you and your family.
- Revocable and irrevocable trusts: Some trusts can be revoked and altered during the lifetime of the person initiating the trust, and others are irrevocable, meaning once they are in place, there is little or nothing you can do to change or revoke it. There are benefits and limitations inherent in each of these trusts.
These are just a few of the possible trust instruments available to you as you create an estate plan. While this list might look confusing at first, our attorneys have a wealth of knowledge and experience handling trusts like these. We can help you find the best instruments for your needs and make sure you have an effective estate plan.
Contact Our Lawyers Today
A well-written, comprehensive estate plan provides important peace of mind. You will know that everything is accounted for and will be transferred according to your wishes. Call our firm at 561-760-9121 or contact us online to schedule a consultation.