Let us help you determine if trusts are right for your situation as part of your estate plan.
One of the tools that can be utilized in estate planning is trusts. These can be very beneficial for getting the assets directly to your heirs without the frequently lengthy process of probate. While small estates qualify for a simplified process, if your estate will require a formal probate, it can be time-consuming and put a great deal of responsibility onto your personal representative. At Piervincenti & Tarantino Law, PLLC, we understand that estate planning solutions vary from one person to another as there are many factors involved, as well as complex estate law to consider.
We take the time to fully understand your estate and your objectives so that we can properly advise you about wills, trusts, power of attorney, living wills, and other documents you might need to ensure your final wishes are honored. There are more advantages to trusts than just to avoid the time-consuming probate process. They can also be an ideal solution for taking care of minors or arranging for someone to get their inheritance over time instead of all at once. There are two types of trusts that can be utilized – revocable living trusts and irrevocable trusts. There are advantages to each, and we’ll go over them when setting up your estate plan to determine which is the best for your situation.
Whether you need legal representation to set up trusts or you would like to go over your current estate plan to see if any modifications are needed, don’t hesitate to contact us to schedule a consultation with an estate attorney. Our services for those in the Mooresville, North Carolina area are always conducted with attention to detail to give you the results you expect.