BENEFITS OF VARIOUS TRUSTS

• Avoid Probate expenses
• Avoid Probate's public exposure of your assets and bills
• Avoid asset distribution delay of a year or more of Probate
• Avoid judicial oversight and decision-making of Probate
• Avoid state and federal Income taxes
• Avoid state and federal Estate or Gift taxes
• Avoid confiscation of your assets by creditors
• Avoid jeopardizing a loved one's public assistance
• Allow assets and their income to be used as you instruct
• Allow distribution faster than Probate
• Allow distribution at future date or condition
• Appoint a nominee to make your financial decisions
• Appoint a nominee to make your medical decisions

At Webel Law, our attorneys hear your story and then advise you on the type of Trusts, decisions to be made, and options for conditions that you may want to specify for the holding and eventual distribution of your assets that satisfy your needs and goals.

Like Wills, Trusts allow you to direct decisions about your money and property after you're gone, but they can also direct who makes and which decisions can be made for you while you're still here if you become too ill or incapacitated to make financial or healthcare decisions for yourself. Trusts accompany Wills in an Estate Plan, but they focus on a specific portion of your assets for a specific person or group of people instead of the whole Estate like a Will. Trusts can also designate who will make certain healthcare decisions when you cannot.

After you pass, a Will controls the distribution of your assets in the manner you designate to the people or organizations named by you. All Wills must go through Probate, but Trusts don't. Instead, Trusts designate a Trustee (who you can pick) who manages the assets owned by the Trust and distributes them as directed by the Trust. Trusts are created now and become effective as soon as assets are transferred to or retitled in the Trust's name. Depending on the terms you select for your Trust, it may or may not be able to be revised.

At Webel Law, we understand that planning for your eventual passing is stressful and overwhelming. After hearing your concerns and goals, we break the decision-making process down into smaller decisions for you, allowing us to get to know you, your loved ones and organizations, and your unique situations. We believe that educating you on different options leads to better advice from us and a brighter future for your loved ones that includes all your hopes and goals being fulfilled. We understand that your decision-making process must be well thought out and Takes time. Let us work with you to find an estate plan that efficiently and effectively meets your needs and expectations.

In today's litigious society, a single mistake or accident can put everything you own at risk. Insurance helps, but your assets may be taken if your policy limits are exceeded. Furthermore, your assets may be at risk from various creditors or even identity theft. This risk is even greater if you are one of those people who work in a profession that tends to attract lawsuits.

By setting up a Trust, you can place some or all of your assets out of reach of creditors and judgment holders. You may also be able to avoid the time-consuming and expensive Probate process.

TRUST TYPES

For an alphabetical list of Trust types, click Trust Types.