Using Trusts To Achieve Your Estate Planning Goals
When developing your estate plan, you should consider including one or more trusts, especially if you own substantial assets. Trusts are powerful tools that can help you control your property while you are still alive and ensure a smooth transfer to your beneficiaries.
To properly incorporate a trust into your plan, you first need to know which type of trust is right for you and how to use it. Lerman Law Associates, P.C., can help you take full advantage of trusts with insightful advice designed to meet your estate planning needs for the long term. Our attorney, Craig Lerman, also holds a master’s degree in business administration. He uses his combined knowledge of estate planning law and business management to protect his clients’ interests.
Trusts Available In Georgia
There are several types of trusts. The primary categories are revocable and irrevocable trusts.
With a revocable trust, you have the power to change or revoke the trust during your lifetime. An irrevocable trust cannot be altered. Assets in an irrevocable trust are safe from your creditors, while property in a revocable trust is not shielded from collection actions.
Other common trusts include:
- Special needs trusts
- Charitable trusts
- Spendthrift trusts
After learning what you and your family need out of your estate plan, Attorney Lerman will explain how to use one or more trusts to achieve your goals. He will help you establish your trust and show you how to populate it with the property you seek to pass on. And whenever a change needs to be made, turn to Craig Lerman for honest, efficient assistance.