Trust

 A trust-based estate plan is a powerful tool to ensure that your assets are protected and efficiently passed on to your beneficiaries without the need for probate. With a trust, your estate can avoid the lengthy and costly probate process, providing greater peace of mind and financial security for your loved ones.

There are two main types of trusts:

• Irrevocable Trust: Once established, this trust cannot be changed or revoked without the consent of the beneficiaries. It provides strong asset protection, as the assets are no longer considered part of your estate, potentially offering tax benefits and safeguarding assets from creditors.
• Revocable (Living) Trust: This type of trust allows you to retain control over your assets during your lifetime, meaning you can make changes or revoke the trust as needed. It offers flexibility and can help avoid probate, while still providing a streamlined transfer of assets to your beneficiaries upon your passing.

Whether you choose a revocable or irrevocable trust, both options offer significant benefits in estate planning, ensuring your wishes are carried out and protecting your loved ones in the process. Let us help you determine which type of trust best fits your needs.