Estate planning is an important component of planning for your future. Those who have passed away without an estate plan may have their assets handled in a manner that they would not have wanted. Essentially, an estate plan is the best way to protect what you have built over a lifetime. Our Ames, IA living trust lawyer is here to help you with any and all tasks pertaining to estate planning. At the Law Group of Iowa, we want to see you and your family be safeguarded in a legally mindful way. If you have pass on without having legal documents to express your wishes and preferences, these decisions may be determined by the court system. If you have questions or would like support, don’t hesitate to reach out today.
How To Use A Trust In Estate Planning
There are many different types of trusts and not all are going to be suitable for your estate. What we can do is review your circumstances and help you figure out what trust is the most appropriate. A couple of the most common trusts that are used are the living trust and testamentary trust. With a living trust, this puts your wishes into effect while you are alive. If you have questions about the types of trusts that can benefit you, contact our living trust attorney to get started.
There are many advantages of having a living trust, especially for those who are focused on their assets, property, and income. Our living trust attorney can help you gift your assets through using a living trust, and can include stipulations of your choosing. Valuable assets may be put into a trust and transferred immediately upon your death. As our Ames living trust lawyer explains, this is beneficial because these assets will not have to undergo the probate process, which is a mandatory court-supervised proceeding that occurs when no will is present.
A testamentary trust only becomes impactful after your departure. It is a document that is legally-binding and enables you to distribute your property, assets, and income after death. Your estate is also subjected to any conditions that you may want. Like other trusts, a testamentary trust appoints a trustee who will manage and administer your wishes when the time comes to do so. For more information about the trusts we can help you create, reach out to our living trust attorney at your next convenience!
Contact The Law Group Of Iowa Today
Living trusts can be an effective way to express your wishes, protect your estate, and ensure that your legacy is distributed to future generations of loved ones after your passing. At the Law Group of Iowa, we are geared with the tools and knowledge necessary to create a comprehensive estate plan. Once our Ames living trust lawyer learns more about what your wants and wishes are, we can make recommendations for which trusts or other documents to utilize. Feel free to schedule an appointment with us today so we can begin!
