Living trusts (trusts created while you are still alive) are an alternative to wills. They provide a method of transferring property to beneficiaries without giving up control of the assets entirely. Trusts are often used for beneficiaries with disabilities, to ensure their needs are met for the duration of their life. They can also act as a shelter for tax purposes, and an effective way to avoid estate administration (or probate) fees. Living trusts also offer privacy because, unlike wills, they are not public documents.
We set up both living and testamentary (established through a will) trusts for our clients. The various trusts that we have helped clients establish include:
- Family Trusts
- Henson Trusts for families with children with disabilities
- Charitable Trusts
- Life Insurance Trusts
- Alter Ego, Spousal and Joint Partner Trusts
- Asset Protection Trusts
