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GOING WITH REGINA WAS THE BEST DECISION I EVER MADE

A trust is a powerful estate planning tool that protects your legacy by creating a virtual forcefield around your assets. As the Grantor, you can place assets into a trust to be held by a trustee on behalf of a beneficiary.

A proper trust will help your loved ones avoid probate and eliminate estate taxes.

Our Atlanta trust lawyers at Edwards Family Law can help you preserve your legacy by establishing a trust that works for you.

Contact us today to discuss your options.

Types of Trusts

There are four main categories of trusts that can be added to your estate plan: living trusts, testamentary trusts, revocable, and irrevocable trusts.

Here are the definitions of these trusts and how they can benefit your estate.

Living Trusts Vs. Testamentary Trusts

As the name suggests, a living trust is created while you are alive. On the other hand, a testamentary trust is set up after you have passed away according to your last will and testament.

Revocable Vs. Irrevocable Trusts

A revocable trust is a living trust you can alter during your lifetime. Its primary purpose is bypassing probate, making asset transfer more efficient upon death.

An irrevocable trust can not be altered once created. This type of trust allows you to transfer assets out of your taxable estate, making income from the estate no longer taxable to you or the estate.

Many subcategories of trust documents may benefit your plan, such as charitable trusts, credit shelter trusts, or special needs trusts. Your plan will be specific to your needs. Our attorneys can meet with you to discuss your goals to help create a plan that works for you.

How a Trust Benefits Your Estate Plan

The Last Will and Testament is an essential part of any estate plan. However, it is not all-encompassing and may lack some valuable benefits.

Here’s how adding a trust to your estate plan can add value to your estate plan.

Tax Benefits

Depending on the type of trust, your assets—and the appreciation of those assets over time—will be sheltered from tax implications while you’re living and upon your death.

You may also be tax-exempt from making specific annual contributions to the trust. Our attorneys can discuss your options so that you can make a tax-savvy decision for your future.

Privacy

The Last Will and Testament becomes a public record, meaning it can be seen by anyone who requests access to it. However, trusts provide added privacy protection by not disclosing your information to the public.

Flexibility

Depending on the type of trust you choose, you may have the flexibility to make changes during your lifetime. Things may come up, and changes may need to be made.

When that happens, our attorneys can ensure that your end-of-life decisions remain up to date to avoid legal issues or disputes later on.

Avoid Probate

Probate, or estate administration, is a legal process by which your estate will be managed and distributed according to your wishes in court. A trust allows you to bypass probate by pre-determining how your assets will be distributed.

Instead of going through the courts, the assets listed in your trust can bypass this process by allowing the trustee to distribute them directly to the beneficiaries. On the other hand, assets listed in your will must go through probate.

How an Atlanta Trust Lawyer Can Help You

A trust is a complex document—one that will define the financial future of your loved ones. Serious decisions like these require serious attention from a qualified estate planning attorney. While many DIY online estate planning tools exist, all pale in comparison to the hands-on help of a trust lawyer.

We will help you map out your family’s future by:

  • Providing legal advice about the types of trusts that may suit your needs
  • Drafting the required documents to set up your trust
  • Helping you fund your trust with trust assets
  • Updating your trust documents as needed
  • Providing other estate planning services
  • Assisting with estate management after your passing

When you’re looking for reliable estate planning, contact our Atlanta estate lawyers at Edward Family Law.

CLARITY TODAY

cutting through confusion and providing clarity

Do I need a Family Lawyer?

Each case is different, but we can share what clients typically struggle with when they make their initial calls to us:

  • My Spouse Wants a Divorce
  • My Marriage Has Fallen Apart And Cannot Be Fixed
  • I Am Expecting a Child Out Of Wedlock
  • I Have Fallen Behind on Child Support Due to Unemployment or salary reduction
  • My Circumstances Have Changed Drastically And Think A Change Of Custody Is Warranted
  • My Ex Announced They Want to Move Away and Take Our Child

How much will my Divorce or Child Custody matter cost me?

The financial aspect of family law matters can be terrifying because it has been historically known as a black hole of billing with retainers and hourly charges for things like emails and texts. Peel back further uncertainty by Estimating Your Legal Fees.

Flat Fees - No Funny Stuff

While other firms might tell you “there is no way to predict the total cost of a divorce,” we can tell you with certainty that those smoke and mirrors will not be a part of your care at Edwards Family Law. We provide value with a high degree of peace of mind through conscientious costs for our care. Learn more about our Flat Fee Family Law and Estate Planning Services.

Fearful of being bogged down in legal fees?

Heard the horror stories about being sucked in with low retainers only to be hit with hidden incremental hourly changes?

We Have The Right Solutions For The Next Chapter of Your Life

THE 10 COMMANDMENTS OF EDWARDS FAMILY LAW

At Edwards Family Law, we understand that your life, family, livelihood and legacy are important to you. They are important to us as well. We are committed to doing everything possible to make sure your identity is respected and that your dignity is preserved at all times throughout the process.

The law prohibits us from guaranteeing the outcome of your case. But, it does not prohibit us from guaranteeing the service you receive. We promise to provide you with the very best in customer service and client relations. We have codified our commitment in our Ten Commandments. If, at any time during your case, we fail to deliver on any of our Ten Commandments, please let us know. We will apologize for our mistake and do what is necessary to fix the problem.

What You Can Expect From Your Experience With Edwards Family Law

  • 1
    What You Can Expect From Your Experience With Edwards Family Law
  • 2
    Clients are not an interruption of our work. They are the purpose of it.
  • 3
    Clients will not be charged for calls to their attorney. Each client shall receive aggressive representation combined with incomparable guidance and counsel.
  • 4
    Our clients will receive the most courteous and attentive treatment we can give them.
  • 5
    Each client will have their telephone call returned within one business day.
  • 6
    All of our attorneys shall practice exclusively family law and domestic relations.
  • 7
    Our clients are not just a name on a file. We will present each client with an honest assessment of all options that can provide them the best chance of success.
  • 8
    Our firm will attend all conferences and Continuing Learning Education Seminars that relate to the practice of Family Law, to ensure that we have access to the most current case law that can affect the lives of you and your family.
  • 9
    Our firm will employ the latest technology for use in your case, to include a secure server where the client’s entire paper file is scanned and posted to the server for immediate retrieval by the client.
  • 10
    Clients are people who bring us their wants. It is our job to meet those wants.

Frequently Asked Questions

What kind of assets can go into a trust?

Many types of assets can be incorporated into a trust.

Here are some of the most common:

  • Real estate
  • Financial accounts
  • Life insurance
  • Personal property
  • Collectible vehicles
  • Businesses

To note, some estate assets that cannot be transferred into a trust are retirement accounts, everyday vehicles, health savings accounts, or financial accounts you are actively using.

Who controls the money in a trust?

The trustee is the individual/entity that manages and safeguards the assets in the estate and is in charge of distribution.

Who can be a trustee?

A trustee can be virtually anyone that you decide who is over the age of 18. You may choose a family member, friend, or a partial third party like an attorney or trust company.

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