Throughout your life, you collect assets and build up cash reserves that create something known as your estate. Your estate is the collection of everything you own solely or jointly with your spouse. When you pass, this estate is supposed to pass to your heirs, but probate can make it more difficult for them to collect their inheritance, especially if it goes to probate.
Why Form a Living Trust?
A living trust, sometimes known as a revocable trust, is a flexible document that allows you to change the trust while alive. You place your assets in a trust and retain their control as you like. Assets can be removed and added to the trust as you like.
A living trust will have the effect of keeping your estate out of probate. Your heirs don’t have to deal with your estate going through the courts and losing money that goes towards the administration of the estate.
Family trust lawyers can help you create a living trust and will that’s tailored to your wishes and needs. A living will and trust attorney provides the expertise you need to create a binding legal document that can withstand legal challenges while ensuring your estate is distributed according to your wishes after your passing.
At Strazullow Law, our family trust lawyers are here to show you how forming a living trust provides you with peace of mind for your estate and your heirs. We’re an international law firm located in New York, Miami, Florida, and Napoli, Italy.
Our family trust attorneys will help you understand the will and the implications of forming a living will and trust to protect your estate from probate. We’ll show you how it works, what you can expect from forming a living trust, and how it ensures a smooth transfer of your assets to your heirs. Call us today and talk with one of our family trust lawyers to get started.