There are several estate planning tools to help you safeguard your legacy. Depending on your goals and wishes, a trust may be the right option. At Theus Law Offices, we take a client-centric, results-driven approach to estate planning. By explaining all the options available, our clients can make informed decisions that support the future of their loved ones. Our Ruston, LA trust lawyer can guide you through every step of the process of forming and administering a trust.
Trust Lawyer Ruston, LA
A trust is a legal agreement that is private. The person who forms the trust is called the settlor. It is managed by a trustee. This individual oversees the management of the trust and makes sure that beneficiaries receive the distributions they are entitled to.
The two main types of trusts are irrevocable trusts and revocable trusts. Revocable trusts often replace wills and are designed to make the final administration of an estate more seamless for beneficiaries. The terms and conditions of a revocable trust can be changed by the settlor throughout their life. Irrevocable trusts have less flexibility, although the settlor may make some amends under certain conditions. However, when forming an irrevocable trust, the settlor does not retain ownership of the included assets.
There are numerous benefits to forming a trust. If it is fully funded, the estate can avoid probate. This not only saves time and legal costs, but it also keeps all the details of the estate private. Trusts can provide monetary support to dependents, especially if they are unable to manage their own finances due to age or mental challenges. Additionally, trusts are recommended for business owners who want to keep the details of their company from the public. Finally, placing assets in a trust can minimize taxes, meaning more money goes to your loved ones instead of the government.
How a trust is formed and managed is essential to its success. Our Ruston trust lawyer will carefully and thoroughly review the details of your trust, helping you personalize the terms and conditions to meet your goals and align with local laws.
Why Experience Matters When Forming a Trust
Trusts are an effective estate planning tool, but only if they are handled professionally. A simple mistake or oversight can put your estate at risk. To avoid unnecessary complications and disputes, work with our estate planning professionals. We understand how important your legacy and the future of your loved ones are to you. We take our responsibility as your attorney seriously.
Families in Lafayette, Monroe, Shreveport, Ruston, and the surrounding areas rely on our estate planning solutions because:
- Our staff has over 100 years of combined experience
- We believe it’s not the documents, but the people who are the most important part of the estate planning process.
- Our attorneys offer continued support, including modifying your estate plan if your circumstances or wishes change.
- Initial complications are free.
If you are curious about whether a trust is right for your estate plan, schedule a complimentary 15-minute phone call with our Ruston trust lawyer today. Let Theus Law Offices protect your assets, formalize your wishes, and make sure that your legacy is passed on to your loved ones. Whether you are ready to get started, have questions, or need assistance modifying an existing estate plan, our attorneys are here and ready to help give you peace of mind.
