Trust Development

A trust is a fiduciary relationship where one party (the trustee) holds and manages assets for the benefit of another party (the beneficiary), as directed by the person who created the trust (the grantor or settlor).

Below is a breakdown of what we will do for you and your estate!

Create your Trust
Probate abatement planning (strategies to ensure your estate has sufficient assets to cover debts, taxes, and administrative costs after your death.)
"Funding The Trust " (Once you've created a trust document, the next step is to transfer assets into it. This process is called funding or filling the trust.)
Trust Distribution Set Up (dividing and allocation of trust assets to beneficiaries )
Outright Distribution (This involves giving beneficiaries their share of the assets directly without any restrictions.)
Staggered/Phased Distribution ( Assets can be distributed over time or upon certain conditions being met)

Why it's important:
Funding a trust is crucial for it to function effectively and achieve its intended purpose, such as managing assets during the grantor's lifetime or distributing them after death.
How it's done:
To fund a trust, you must transfer ownership of assets to it, which can involve deeds, title transfers, or assignments of ownership, depending on the asset type. "The method of transferring assets depends on the type of asset. For example, real estate is often transferred by deed, while financial accounts might be transferred by changing the beneficiary designation".
Types of assets:
You can include various assets in a trust, including real estate, financial accounts, life insurance, personal property, business interests, and more.
Cost For Trust Development is $250 one time fee!

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