Trusts

The main disadvantage of a will is that it must go through the court probate process after you pass away. The probate process, which is the court process of officially proving a will and administering the estate, can take many months and can be very expensive. The court records of the probate process are also accessible to the public, which can be extremely concerning when your family wants to maintain privacy. Therefore, trusts can be utilized to avoid probate, maintain privacy, and reduce taxes. There are many different types of trusts that can be used in estate planning, including revocable living trusts, life insurance trusts, special needs trusts, Medicaid planning trusts, asset protection trusts, gifting trusts, etc. I have created hundreds of estate plans for clients over my twelve years of practice. I can help guide you in deciding the type of trust that will best meet your needs and goals.