Our attorneys help people throughout the Gulf Coast area evaluate and achieve their estate planning goals, we sometimes determine that establishment of a living trust would be beneficial. Valid reasons to set up such a trust may involve children's needs, the desire to avoid the probate process and minimize unnecessary costs, and other considerations.
The term "living trust" itself means that the trust is set up and funded while the person doing so (the grantor) is alive. In contrast, many of our clients' current situations are best served through careful drafting of a will and a testamentary trust — sometimes called a contingent trust — that takes effect only upon death and is usually intended to provide for a minor child or children. AltCourt living trusts attorneys, strengths include:
Individuals with very large estates and unique plans for distribution of their wealth may set up multiple revocable living trusts and have other complex needs. Our primary focus in our estate planning practice at AltCourt, is on more basic estate planning needs, but our experienced lawyers have wide-ranging knowledge and will be glad to speak with you under any circumstances.
If you have questions about issues ranging from estate planning basics to establishing and funding a living trust, we encourage you to contact us today. Beginning with a free consultation, we will do everything we can to fulfill your needs or steer you in the right direction.