Experienced Massachusetts Trust Lawyer/Rhode Island Trust Attorney
Trusts: a Powerful Estate Planning Tool
The estate planning lawyers at Percy, Tedeschi & Associates, P.C. have decades of estate planning experience. We understand that drafting a will, trust, or other testamentary document is not as simple as filling out a form or arranging for witnesses to sign. Trusts are a powerful tool in the estate planning process. When thoughtfully designed and correctly drafted trusts can achieve many goals that a will cannot. Not all estate plans suggest or even require the use of a trust, but no estate planning process is complete unless trust uses are explained and discussed. That is why it's important for you to have the trust and estate planning team at Percy, Tedeschi & Associates, P.C. on your side. Call our firm today to arrange a free initial consultation regarding your particular estate planning needs, including a discussion of how trusts can be useful in accomplishing your estate planning goals.
Different Trusts for Different Needs
There are a variety of trust types including:
- Revocable trusts
- Irrevocable trusts
- Educational trusts
- Special needs trusts
- Credit shelter trusts
- Medicaid planning or qualifying trusts
- Charitable giving trusts
- Generation skipping trusts
- Retirement planning trusts
- Living trusts.
The most common type of trust is the revocable living trust; it is established during your lifetime and can be modified at any time until your death. At that time it becomes irrevocable. A revocable living trust can accomplish such goals as probate avoidance and elimination of any possible will contests or other disputes. It can also allow the value of your estate to be disbursed over time, allowing your heirs to easily manage their assets. Other types of trusts can serve a variety of goals including minimization of estate tax. When you turn to us for assistance, we will take great care to explain which trusts will best serve your needs. If you determine that a trust is best for you, the estate planning attorneys at Percy, Tedeschi & Associates, P.C., will use our vast estate planning experience to efficiently and cost effectively draft your trust document. We are staffed to act immediately on requests for wills, trusts, and other estate plan documents. We can meet with you at your home, or at a nursing home, convalescent facility, or hospital.
Advantages of a Trust
Estate planning trusts can serve many needs such as:
- Avoiding payment of estate taxes
- Avoiding the expenses and delays of probate
- Ensuring funding of your favorite charities
- Distributing funds and other assets at designated times or on the occurrence of certain specified events
- Ensuring loved ones with special needs are taken care of for years to come.
Raynham Revocable Trusts Lawyer
Contact the experienced trust and estate planning law team at Percy, Tedeschi & Associates, P.C., for sound advice on your particular estate planning and trust needs. We can provide a comprehensive review of your options, advise you on the best course of action, and as appropriate create the documentation needed to protect your interests. Contact us online or call us toll free at 800-708-6240 to schedule a free initial consultation.
