Creating Trusts As Part Of Your Estate Plan
While a will is a valuable estate planning tool, other people find that a trust is suited to their needs. Your lawyer must be able to understand your unique situation and prepare an estate plan that is tailored to your situation. At the Law Office of Cliff Collins, we provide exceptional legal representation and client service for people throughout Lonoke County, White County and the surrounding areas. If you need a trust as part of your estate plan, we are ready to create one for you.
How Can A Trust Help Me?
For most people, the main benefit of a trust is avoiding probate. Assets in a trust can be distributed to your loved ones without the cost and delays that can be involved in probate. Other benefits of a trust can include protecting assets from creditors and minimizing the impact of estate or gift taxes. Attorney Cliff Collins has developed estate plans for people from all walks of life, and can help you decide if a trust meets your needs.
Our law firm can prepare all types of trusts, including:
- Revocable trusts: Also known as a living trust, a revocable trust is a flexible and versatile estate planning tool.
- Irrevocable trusts: This type of trust may be used to minimize or eliminate estate taxes.
- Special needs trusts: A special needs trust can help an individual with special needs receive financial benefits without jeopardizing his or her eligibility for certain government programs.
- Charitable trusts: Charitable trusts are a type of irrevocable trust that a person or family can use to donate to a worthy cause of their choice.
Whatever your needs involve, we stand ready to create estate planning documents that will accomplish your goals.