Lantana, FL Trust Attorney

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When you want to leave behind your legacy, there are tools you can use to make it easier and give you more control over how your assets are distributed. During your estate planning journey, you can set up trusts in order to help your assets transfer to your loved ones without any hassle.

Working with our experienced Lantana trust attorney at Elder Law, P.A. will allow you to create trusts that fit perfectly with your estate planning needs. We can walk you through what you need to know about types of trusts, how they operate, and how they complement your overall estate plan. Reach out to schedule a free initial consultation and learn how we can help you devise the trust that you need.

Lantana Trust Attorney

What Are Trusts And Why Do I Need One?

A trust is a legal entity made to hold assets and distribute them according to your wishes or according to the function of the trust itself. Depending on the type of trust, they can operate while you are still alive or pass on your assets after your death.

There are many different kinds of trusts and each of them has a different purpose. There are no shortage of trusts from which you can choose, but here are a few popular and useful options:

  • Revocable and irrevocable trusts: These trusts allow you to designate assets for your beneficiaries to be paid out either while you are still alive or after your death. Revocable trusts can be altered while irrevocable trusts are more or less permanent once they are established.
  • Pet trust: These trusts allow you to designate a caregiver and funds for taking care of your pets after you pass away. They ensure that your pet will have a happy and fulfilled life even if you are not there to care for him or her.
  • Joint trust: A joint trust is usually established by a married couple, and it ensures that you are aligned on how your shared assets will be distributed.
  • Special needs trust: If you have a loved one in your life with special needs, you can leave them the funds they need to access care. If they are on a state-sponsored program such as Medicaid, they are likely not allowed to own more than a limited amount of assets without losing their healthcare. A great way to ensure that they have money for their support is to establish a special needs trust.
  • Asset protection trust: If you have high value assets that you worry might get taken during a divorce or distributed to creditors, you can establish this type of trust to protect those assets.

These are far from the only types of trusts available to you, so be sure to speak to your Lantana trust attorney about what trusts are most fitting with your personal estate plan.

How Can A Lantana Trust Attorney Help Me?

If you are looking to establish a trust, working with our trust lawyer can help you with deciding which trust will work best for your specific circumstances. We can walk you through your options and make recommendations based on the information that you share with us.

If you are a trustee, meaning that you are responsible for managing trusts for the estate, we can help you through the process and take as much of the burden off of your plate as possible.

Elder Law, P.A. Can Help You With Trusts

When you are creating your estate plan with Elder Law P.A., you can rely on comprehensive advice that is personally tailored to you and your needs. We will work with you to understand your goals and recommend trusts that will further them. Reach out to schedule a free initial consultation and learn how Elder Law, P.A. can assist you with your plans for the future.

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Lantana, FL Practice Areas

Natalie was amazing handling my dads medicaid application process, easy to communicate and we found the process very straight forward with their guidance. We would highly recommend their services to everyone who is in need of elder law, with our family all working full time and busy lives they gave us a peace of mind knowing they were working on getting things done.

Giovana H.

Ryan really cares about his clients, and it shows in the way that he advises them. He is extremely knowledgeable about elder law, and explains the rules in a clear manner. The issues can be difficult on family members to discuss, and he handles the material in a compassionate manner.

Joseph M.

Elder Law, P.A.

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