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Trusts

Brett Legal provides expert services in drafting and amending Trusts as well as estate plan review services for persons with existing Trusts.

A Trust is a legal entity that holds and transfers property. Trusts offer significant advantages in estate planning. Unlike a Will which requires a deceased’s beneficiaries to go through the courts to legally obtain property or assets, a Trust allows you to bypass the probate process, saving time, reducing costs, and preserving privacy for you and your family.

One of the key benefits of a Trust, particularly a revocable living trust, is the ability to avoid probate, ensuring a smoother transfer of assets to your beneficiaries. Depending on the type of Trust, a Trust can also help protect your assets.

In addition to drafting Trusts, Brett Legal offers estate plan review services to evaluate the need for any updates to your estate plan.

Brett Legal will strategize with you and counsel you on your best option given your estate planning goals, financial status, and family’s needs.

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 FAQs

  • A Trust is a legal arrangement. The person creating the trust (aka the grantor or settlor) transfers assets to someone of their choosing (aka a trustee). The trustee is then legally responsible for managing and distributing the assets  for the benefit of the beneficiaries.

  • First and foremost, a Will does not go into effect until someone’s death whereas a Trust goes into effect upon signing.

    Additionally, after death, a Will requires court involvement (aka probate) for beneficiaries to obtain their inheritance and title to assets whereas a Trust generally does not. Because a Trust avoids probate, the process of distributing the inheritance is typically quicker, less expensive, and private for the heirs.

  • Whether a Will or Trust is better or more appropriate in your situation is going to depend on different factors including but not limited to: your estate planning goals, family dynamics, medical needs, and financial situation.

    Contact us for a free 15 minute consultation to discuss your estate plan and explore what may best suit your current needs.