Solutions that fit your unique needs
Trusts are designed to ensure the financial security of living family members according to the needs and goals of the individual creating the trust. At Telschow Johnson Law PLLC, we thoroughly explain the functionality of all types of trusts. We want to give you the knowledge needed to create an estate plan that is tailored to fit your individual needs and circumstances.
What is a trust?
A trust is what our attorney refers to as an above ground document and below ground document, because it contains provisions that can be utilized when needed while the individual is still living, such as titling assets into a trust. The trust then can be used to distribute those titled assets when someone has died. Also, if an individual becomes ill, or suffers from Alzheimer’s disease or dementia, the co-trustee can access the assets in the trust to help with financial matters.
A trust can do the following:
- Hold assets and detail how they should be distributed
- Make arrangements to provide for a loved one
- Avoid out-of-state probate or limit probate
- Maintain the privacy of your distribution plan
- Allow a successor to manage your assets in the event of incapacity