Monroe Trust Lawyer
Creating a trust preserves your assets for future generations, shields them from creditors, and can help you take the first steps toward building generational wealth. At Theus Law Offices, we help families like yours grow their assets and achieve their financial goals with one or more trusts, as part of a robust estate plan. We invite you to contact our Monroe trust lawyer today, using our secure online contact form, to learn how a trust can help you protect everything you’re worked so hard for.
Trust Lawyer Monroe, LA
Trusts are a lot more than an allowance for trust fund babies. They’re an important part of estate planning, and a critical form of protection for your assets. Trusts can protect assets from seizure to pay a debt, including damages you may have to pay in a lawsuit. However, for a trust to be effective, it must be precisely created, with clear terms, and in accordance with the Louisiana Estates Code.
A trust is a legal entity that holds property, money, and assets for the benefit of a person or organization. The terms of the trust dictate how its assets are dispersed, how much, and under what conditions. Trusts are founded by a creator, or grantor, who may (if the trust is a revocable one) maintain some control over the trust. The grantor can also relinquish control of the trust to its administrator, called the trustee, and so will no longer legally have any control over the assets. The grantor can still financially benefit from the assets, but relinquish legal possession of them.
Trusts are commonly used to fund a child’s education or provide a steady income for someone unable to manage a large lump sum at once. You can use strategically constructed trusts to help ensure that you have enough money in retirement, while still being able to qualify for Medicaid, or to protect a family home from being sold or partitioned. Our Monroe trust lawyer explains the possibilities for trusts as part of your estate plan, depending on your financial situation and long-term goals.
Why Legal Experience Matters When Creating Your Trust
Our Monroe trust lawyer carefully creates the right financial protections for the assets in the trust, with detailed instructions for how the trust is to be administered. We work with you to incorporate the trust into your existing estate plan to best serve your needs. Our attorneys can also provide trustee services if you need a responsible fiduciary to fulfill that role.
- Firm founder and lead attorney J. Graves Theus, Jr., a fourth-generation Louisiana lawyer with deep roots in this community
- Mr. Graves is certified by the Louisiana State Board of Legal Specialization as a Specialist in Tax Law
- Managing attorney Amy E. Boudreaux is AV® Preeminent Peer Review Rated in Martindale-Hubbell
For more information about how one or more trusts can help protect your assets, contact Theus Law Offices for a personalized consultation.