Just like a Will, a Trust allows you to name your beneficiaries, guardians for children, and to set limitations on your children’s access to assets. The big difference between a Will and a Trust is the avoidance of probate. The probate process can be stressful, expensive and time-consuming. With a well-planned trust, you can avoid probate and pass your assets directly to your beneficiaries. Another benefit of a trust is privacy. Probate court files are open to the public and anyone can see what assets you left to your beneficiaries. At Crews Law, we can advise you about the benefits of a Trust and help you decide whether to create one. If you do execute a Trust drafted by Crews Law, we will assist you in moving your assets into your trust and educate you on issues such as income taxes, estate taxes and property taxes.
At Crews Law, we can help you answer that question. If the answer is “Yes” then we will guide you through all the issues involved in creating a Trust to implement your wishes and create a seamless transition of assets from you to your beneficiaries.
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