LIVING TRUSTS

A trust is an arrangement under which one person, a trustee, holds legal title to property for another person, a beneficiary. A trust is a useful way to avoid probate proceedings because your property has been legally titled in the name of the trust before your death. A living trust simply means that it has been created before you die. While you are alive the trust is generally controlled by you and you are able to adjust or revoke it anytime you like. The trusts can be established with alternate trustees to manage the assets if the creator of the trust becomes disabled and unable to honor his or her affairs. By establishing a living trust, your assets can be distributed upon your death to the designated beneficiaries in a matter of weeks with no significant attorney fees to pay. Once all of the trust property has been distributed, the trust ceases to exist. Living trusts can be a very valuable tool when you own assets in more than one state, because filing probate proceedings in two jurisdictions can be very expensive.

Smith Elliott Smith & Garmey frequently assists individuals in setting up living trusts for a variety of reasons ranging from succession concerns to the desire to avoid the probate process. To contact the firm now call toll free 866-767-4359.

Listed below are attorneys who specialize in Trusts
William S. Kany

 

The sole purpose of this website is to provide information to the public. It is not intended to provide legal advice, to advertise our legal services, or to solicit business for our firm. The information provided at this website is not privileged and does not create an attorney-client relationship with Smith Elliott Smith & Garmey, P.A. or any of the firm's lawyers. This website is not an offer to represent you. You should not act, or refrain from acting, based upon any information at this website. In order to know how the law affects you, you must speak with an attorney.

Links provided to other websites are provided for convenience purposes only; Smith Elliott Smith & Garmey, P.A. neither endorses nor guarantees the accuracy of any information on such sites.