Trust Attorney Creve Coeur, MO
If you want to create a living trust, you should speak to a trust attorney Creve Coeru, MO residents trust. A living trust allows you to transfer your assets to a trust, which you can manage while you’re still alive. However, creating a trust is a complicated process, so you need someone knowledgeable and experienced on your side. Here are some good reasons to hire an experienced trust attorney.
When you die, your loved ones will be grieving over your loss and don’t need extra stress in their lives. This is one of the most important reasons to hire a qualified trust attorney. He or she will establish a trust that includes your wishes, so your family members won’t be left wondering what you wanted. Instead of worrying about your estate, they can use this time to grieve properly and take care of themselves.
Minimize Estate Taxes
After a person dies, their family will have to pay taxes on their estate. However, if you hire an experienced trust attorney to help you establish a trust, he or she can help you significantly reduce the estate taxes your family has to pay.
Protect You During Incapacity
If you should become physically or mentally incapacitated at any time of your life, you want someone you trust making legal and financial decisions on your behalf. If you create a living trust, you can state how you want your estate managed when you’re no longer able to do so. A trust attorney in Creve Coeur, MO can help you appoint a successor trustee to manage your trust if you become incapacitated.
Look Out for Minor Children and Developmentally Disabled Adults
If you have any minor children or developmentally disabled adults you’re taking care of, you have one more reason to establish a trust. In this trust, you can set aside money to take care of them after you die. A trust attorney can help you use the proper language in this document to ensure your minor children or developmentally disabled adults are protected after your death.
When you have a regular will, the value of your assets will become public record. If you’re a private person, you might not be comfortable with strangers knowing this information. That’s another reason to establish a living trust. It’s a private document, so no one else will have access to it.
Decide Between Revocable and Irrevocable Trust
When you establish a living trust, you have to choose between a revocable and irrevocable one. A revocable trust can be altered throughout your life and an irrevocable one can’t. A trust attorney can evaluate your unique situation and help you choose the right option.
If you want to establish a living trust, schedule a consultation with a trust attorney in Creve Coeur, MO at Legacy Law Center today.