A Trust Can Address The Unique Needs Of Your Estate
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, P.C., will determine which trust vehicle is best for you after a meeting to discuss your needs and ultimate estate planning objectives.
At Vinsko & Associates, P.C., 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.