Protect Your Assets and Pass on Your Legacy With the Help of a Trust Attorney in Philadelphia, PA
A trust is a type of estate planning vehicle that can allow you to exercise greater control over the distribution of your assets and potentially save your heirs time and money. Assets that you place in a trust will be managed by a third-party trustee, whom you select. At Cohen Family Law Firm, LLC, you can partner with a trust attorney who will help you assess your needs and explore your options.
What Are the Benefits of Using a Trust in Your Estate Plan?
We often speak to clients who believe that all they need is a will, when a trust would better suit their needs. Trusts are flexible and there are several varieties that have different features and advantages. These are some of the reasons why you may want to create a trust as a part of your overall estate plan:
- Allows you to set conditions for how and when your assets will be distributed after your death
- Can allow you to distribute assets to beneficiaries without putting them through the time and expense of the probate court process
- Pass your assets down privately (probate court is a public process)
- Potentially reduce estate and gift taxes
- Can potentially help you avoid losing assets to creditors and lawsuits
- Can allow you to appoint a trustee to manage your assets after you die, or while you are still alive if you are to become incapacitated and unable to manage them yourself
An experienced trust lawyer at Cohen Family Law Firm, LLC can help you assess your personal needs and goals to determine if a trust is right for you.
Consult With a Knowledgeable Will and Trust Attorney to Create a Personalized Estate Plan
Want to partner with an estate planning attorney who offers personalized service? We don’t offer cookie-cutter plans. Our estate planning services are always tailored to the individual’s unique needs and objectives. Call (267) 238-3841 or fill out our online contact form to schedule your free consult.
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