Trusts have been a staple of estate planning but how they are used is often misunderstood. We will breakdown how living tursts can be a critical component to your plan.
HOW WE APPROACH LIVING TRUSTS
Looking at the implementation and the necessity of a living trusts involves looking at the types of assets you have as well as the considerations of how best to control your assets. We will review the benefits as well as how to best use them.
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PRIVACY: As it’s most fundamental, a living trust is a confidential document that isn’t shared with the public record nor any state entity.
CONTROL: You have ultimate say around how to control your assets. While you’re living, you can use your resources, real property and income the same as you normally would. After death, the way your beneficiaries would retain control of those assets.
WILLS VS TRUSTS
Both wills and trusts serve different functions when it comes to crafting your estate plan and considering some of the following questions:
HOW WE APPROACH LIVING TRUSTS IN INDIANA
As living trusts provide many safeguards against potential acts against your assets, we at Jeff Jinks Law would like to review how best a living trust can serve you as there isn’t no simple or template approach to creating one in Indiana.
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Our attorneys know that having tools such as Living Trusts can better give you the peace that you deserve as you make sure your loved ones are taken care of.
To schedule an evaluation of Living Trusts, please contact an Indiana estate planning attorney from our firm today!
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