Using Trusts To Protect Your Assets
When individuals utilize trusts to protect their assets, they are creating a separate legal entity to hold and invest funds into that another party will eventually benefit from. The person who inherits the contents of the trust is called the beneficiary, while the person in charge of administering the trust is called the trustee. Trusts usually explicitly state that the trustee must wisely invest the funds in bonds, certificates of deposit (CDs), or other low-risk investments. If the trustee makes smart financial decisions, then the beneficiary of the trust will receive the maximum return when the trust is administered.
We can help individuals plan for a wide variety of will and trust issues, including:
- Last will and testament
- Revocable living trust
- Charitable trust
- Trust litigation
- Living will
- Irrevocable trust
- Trust administration
Our Boca Raton Lawyers Can Help Plan Your Future
Whether or not you have a large estate, having a will and/or trust can benefit everyone. Even if you already have a legal document like this, think about the last time you updated it. Wills and trust should be updated regularly after major life events such as a marriage, birth, or any changes in finances. Our firm can review your plan to see if it reflects your current needs and goals. We collaborate closely with you and your family to create customized and comprehensive plans that account for all the important details now and in the future.