A Trust is an agreement that empowers a manager (called a trustee) named by you to hold and use the assets owned by the trust to accomplish the purposes you identify within the trust. Sometimes, a Trust can be an effective part of an estate plan, along with a Will, for the efficient administration of your assets upon death. Additionally, trusts can be utilized to accomplish various tax-savings goals, or manage property for a beneficiary who cannot (or should not) be in charge of that property. There are many different types of trusts—including those you make and activate now, and those that are not utilized until your passing. Crafting an appropriate Trust requires a thorough understanding of you as a person—your core principles and values—as well as the technical complexities of trust and tax law. It is this combination of serving you at this very personal level and technical expertise where Three60 Law Group excels.
Disclaimers: This material is for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney to obtain advice with respect to any particular issue or problem. Use of and access to this material does not create an attorney-client relationship. The opinions expressed here are the opinions of the individual author and may not reflect the opinion of the firm or any other individual attorney. Any tax advice contained in this communication is not intended to be sided, and cannot be used, by any taxpayer for the purpose of avoiding tax penalties.