Seymour Attorneys for Trusts
Helping Clients Protect Their Wealth
Many of our clients in Seymour are seeking access to documents that protect their wealth both during their lifetime and after they pass away. One of the most powerful tools we use in our estate plans is the trust.
When you create a trust, you have better separation between your personal finances and the assets you’ve worked so hard to build. You can also minimize the exposure to probate that your family members will have to deal with after you die.
If you have questions about using a trust in your estate plan, please call us at 812-445-5289. As a family-oriented law firm, our Seymour trust attorneys take the time to listen to our clients’ questions and provide meaningful answers that give you the results you need in this crucial legal matter. We have spent decades providing Jackson County clients with comprehensive legal care in probate matters, trusts, estate planning, and related areas.
What Is a Trust?
A trust is a legal document that changes the ownership of your property. Instead of being held in your name, your assets become the property of the trust. Placing your assets in a trust can have important tax implications that preserve your wealth for future generations.
Trusts are managed by a trustee, who can be a close friend or family member. With some types of trusts, the grantor or trust creator can name themselves as trustee until they die. Before creating a trust or administering a trust as trustee, please seek legal counsel to ensure you have the information you need to make the right decisions in your unique situation.
What Kinds of Trusts Are There?
We help our clients create many different kinds of trusts, including:
- Revocable trusts, including living trusts, which allow you to manage your property while you’re alive
- Charitable trusts, which allow you to leave a legacy of generosity and protect your wealth from creditors and unnecessary taxes
- Special needs trusts, which provide income for a special needs loved one without jeopardizing their eligibility for public benefits
- Irrevocable trusts, which offer maximum asset protection but are difficult to change should the need arise
What Does a Trustee Do?
The trustee plays a crucial role in managing the trust assets and distributing funds to beneficiaries upon the trust’s execution. The many duties of the trustee can be complicated and overwhelming. If you have been charged with the task of acting as trustee for a loved one, we recommend that you seek legal counsel and support.
Our team of attorneys has decades of experience administering estate plans, including trusts. We’ll guide you through the process and protect your legal rights as trustee.
Should You Hire Our Seymour Attorneys for Trusts?
Including a trust in your estate plan can help protect your family’s privacy and wealth. With the many options available regarding trusts, it is crucial to seek legal advice from knowledgeable Seymour trust attorneys.
At Lorenzo Bevers Braman & Connell, LLP, we are prepared to address your questions and guide you toward the most suitable solution for your family. We are happy to consult with you about how a trust can help you now and in the future. Contact us at 812-445-5289 for personalized service that benefits your family.