Taunton Trusts Lawyer
Taunton Trusts Attorney
A trust is an invaluable estate planning tool that allows you to have control over your assets in the future. If you are looking for ways to create a comprehensive estate plan, a Taunton trusts lawyer at Albanese Law, LLC, can help you navigate complex trust laws and handle your trust case. With years of dedicated service, we can create an estate plan that meets your unique needs.
How Albanese Law, LLC, Can Help
At Albanese Law, LLC, we provide trustworthy legal counsel on all estate planning matters. When you hire a trusts lawyer at our firm, you are hiring a client-focused Taunton trusts attorney who also knows the courts. When your case goes to the local Bristol County Probate and Family Court, we can help every step of the way, meeting all important deadlines and requirements.
What Is a Trust?
A trust is a fiduciary legal arrangement where someone (known as a trustee) has power over a beneficiary’s assets, including cash, real estate, or stocks. Created by a settlor or grant, a trust is used to control asset distribution, avoid probate, reduce estate taxes, and provide privacy. Because of these benefits, trusts can work as a solid estate planning solution.
Generally, there are two types of trusts:
- Revocable living trust: Created during your lifetime, this trust can be changed or dissolved at any time. It is often used to manage assets during life and distribute them after death without probate.
- Irrevocable trust: This trust cannot be changed once established, and you typically relinquish ownership of the assets. It is often used for tax benefits and superior asset protection.
If you have not created a trust, you are not alone. According to one national survey, only 13% of Americans reported having a living trust. Procrastination is often the reason why people do not have estate planning documents in place, and it is one of the biggest mistakes you can make when it comes to creating a trust. Acting now is key.
Establishing a Trust
Establishing a trust involves defining goals, selecting a trustee, naming beneficiaries, and drafting a legal document that is signed, notarized, and funded by transferring assets such as real estate or bank accounts into the trust’s name. Consulting a Taunton trusts lawyer can be helpful for navigating trust laws and checking for legal validity.
Our experienced legal team can help you establish a trust by:
- Helping you better understand your goals
- Assisting you in choosing a reliable and responsible trustee
- Checking all documents for legal compliance
- Working to guide you through transferring funds to your trust
After creating a trust, trustees must formally notify beneficiaries and legal heirs in writing, usually within 60 days of a trust becoming irrevocable (often due to the settlor’s death) or a change in trusteeship. This notice, typically sent by mail, informs them of the trust’s existence and their right to request a copy and initiates the deadline to contest.
Why Should I Hire a Trusts Lawyer?
Hiring a knowledgeable trusts lawyer at Albanese Law, LLC, is crucial to having an estate plan that is legally sound and tailoring trusts to meet your individual goals. An experienced attorney can also help you navigate complicated trust laws, minimize taxes, and avoid probate. A lawyer helps structure, manage, and defend trusts, protecting assets from creditors and reducing risks of litigation.
Schedule Your Free Consultation Today
When you want to protect your assets, and you are looking for a Taunton trusts lawyer to assist with your trust case, Albanese Law, LLC, has the skills and experience to help. As a compassionate law firm that is dedicated to serving our clients, we can help you plan your future and give you peace of mind. Contact us to schedule your free consultation today.
