Although trusts aren’t just for wealthy people, trusts are frequently and mistakenly linked with people who have mounds of wealth and spoiled children waiting to collect. In reality, trusts can be a crucial component of estate planning for people of all tax brackets. Trusts can offer peace of mind through assurance that assets will be distributed to the appropriate parties.
If you decide to take this avenue, consider hiring an Alabama trust administration attorney at the Law Offices of Brenton McWilliams to assist your trustee with managing the trust.
What is a Trust?
A trust is a legal structure that manages estate assets on behalf of another party. In essence, the trust functions to keep money or personal property for another person. Trusts can make sure your assets flow to the people you wish. If necessary, trusts can also allow you to exert some future control over the assets of the trust. For example, if you have children from a previous marriage, you can ensure that they are taken care of and also balance the support needs of your spouse by setting up a trust.
A Trust Administration Attorney Can Help You Choose the Right Trust for You
Depending on your personal goals, different types of trust are available. To achieve your objectives, you may require multiple types of trusts. Your estate planning goals, wealth level, asset protection needs, creditors, to whom you are leaving an inheritance, and the age of your heirs or beneficiaries are some elements that will determine if you should set up a trust and the type of trust that is appropriate.
Set up an appointment with The Law Offices of Brenton C. McWilliams. We will spend time discussing your objectives and work to provide options that satisfy them.
With the Right Trust, You Can Make Trust Administration a Breeze
A trustee has many obligations. And depending on the structure of your trust, your trustee’s job could be effortless, or you could be leaving them up the creek without a paddle.
Do you want to make administration as easy as possible for the people you leave behind? An Alabama trust administration attorney can help you do just that.
Managing trust property is serious business—a role given only to the most capable individual. Trust administrators are charged with getting your assets into the right hands, at the right times, with the least cost and delay—an already significant task, potentially made more difficult by confusing instructions and conflicting wishes.
An Alabama trust administration attorney streamlines the workload by helping you draft clear, concise, easily readable trust documents that make fulfilling your wishes that much easier.
Get in touch with our law firm today to find out just how simple trust administration can be.
Services Offered at Our Firm:
- Will probate
- Intestate estate administration
- Probate estate administration
- Summary distribution
- Last will & testament
- Revocable living trust
- Power of attorney
- Health care power of attorney
- Beneficiary designations
Respected Trust Administration Attorney Serving Alabama
The Law Offices of Brenton McWilliams has clients in Orange Beach, Gulf Shores, Foley, and Daphne. Besides serving clients in the remainder of Alabama, the firm helps individuals and businesses in Baldwin County, Mobile County, and other localities. Please contact us to submit your request for a consultation or call today.