Trusts

A trust is an estate and wealth management tool that is used for many different reasons. Some of the circumstances that would lead our estate planning team to recommend a trust include ownership of a small business, ownership of property (including time shares)in other states or countries, concerns about managing financial and health matters if a person becomes incapacitated physically or mentally, and transfer of assets at death with little to no probate court involvement. There is a common misconception that only the very wealthy people should worry about setting up trusts. Actually, even people of modest means can benefit from the many advantages of a properly established trust. Our estate planning group can help you decide if a trust is the best way to accomplish your intentions.