Trusts For Minors

Trusts are often established for minors so that they can have access to funds and assets when they are not responsible enough to manage that kind of wealth. These trusts often carry restrictions regarding when and how the beneficiary may access funds. They also may allow more control and freedom once a minor comes of age.

Marital Trusts

A marital trust is created by married couples to hold assets after the other passes away. These trusts hold funds that are acquired by the married couple. Control of the trust passes to the surviving spouse and can aid in security.

Special Needs Trusts

Special needs trusts are trusts created by families for children or other family members who cannot care for themselves. These individuals can still inherit assets, but those assets will impact their ability to receive the government services they rely on. A special needs trust offers a way for them to access and use their funds, without losing those needed benefits.

Answers To Your Most Pressing Questions About Trusts

Trusts are complex legal creations with rules and considerations that may be difficult to understand on your own. However, they are our business, and we will provide you with as much clarity as we can. Often clients begin conversations with our team by asking these questions:

What are the benefits of having a trust?

Asset protection and transferring property onto your heirs without having undue tax or probate costs. You can also provide stricter controls over the use and distribution of the assets by crafting terms and selecting a trustee to enforce them.

What type of trust do you need to include in your estate planning?

Our lawyers aim learn your needs, and tailor the trust to those needs.

How do I choose the right type of trust?

This is a decision we cannot make for you. You have to figure out what makes sense for yourself. However, we can provide you with information and guidance to make that decision, and then help you craft the trust when you’re ready.