Do you have an established trust that will ensure your assets are distributed according to your wishes? Creating an estate plan with a trust is a smart way to have the final say in how your estate is settled and provide an efficient solution that avoids the probate process. Additionally, a trust enables you to designate and protect property for specific beneficiaries, provides privacy, and eliminates the possibility that a traditional will might be contested.
A trust is a beneficial estate planning tool if you’re in possession of real or financial property and concerned about how they will be distributed upon your demise. A trust helps simplify estate planning that allows cars, investments, businesses, insurance proceeds, homes, and commercial property to go directly to your chosen inheritors. This allows you to maintain your privacy and decide how you want to distribute your property.
For instance, if you have a special needs child, a trust makes it possible to continue their care and ensure their comfort when you are no longer able to personally oversee their needs. Trusts are also a legal way to save estate taxes, which enables you to leave more of your possessions to the people you love. Additionally, a trust can help maintain your own quality of life should you become mentally or physically incapacitated. It lets you to designate who manages your financial affairs if you become unable to do so.
Trusts can prevent a lot of legal hassle and ensure you maintain control of your estate. In the event that you pass away without a will or a trust in place, the state of Georgia will distribute your assets in the way they deem most fair. In truth, though, no one should decide who receives your estate, but you. If you want to avoid probate, save time and money, and circumvent a legal headache, call the firm of Grissom Law, LLC. We have the knowledge and the expertise you can rely on to provide that your assets are distributed according to your wishes.
Disclaimer
This Blog/Web Site is made available for educational purposes only as well as to give you general information and a general understanding of the law, not to provide legal advice. By using this blog site you understand that there is no attorney client relationship between you and Grissom Law, LLC.