Establishing A Trust

There are many compelling reasons to consider establishing a trust, regardless of your financial status.

Simply stated, a trust is a separate entity that is created to hold assets on behalf of a beneficiary or beneficiaries. It sets out terms to be followed as to how the assets will be held and distributed. Typically, a trustee is named to manage the trust assets for the beneficiaries.

By establishing a trust, you can

  • Avoid probate
  • Fund educational expenses for children or grandchildren
  • Preserve and protect assets from beneficiaries' creditors, children's spouses or even your child
  • Fund your favorite charity
  • And much more

There are various types of trusts, including, Revocable, Irrevocable, and Charitable Trusts, Trusts for Minors and Testamentary Trusts. The attorneys at Vinsko & Associates PC will determine which trust vehicle is best for you after a meeting to discuss your needs and ultimate estate planning objectives.

At Vinsko & Associates, we believe that many of our clients can benefit from establishing a trust. To learn more about how our attorneys can help you with your estate plans, reach out to us for a consultation. You can call us at 570-550-0815 or 215-309-8275, or schedule an appointment online