Charlottesville Trust Attorney
Proudly Helping Clients of all Backgrounds Protect Their Estates
At Norton Health Law, P.C., we are committed to helping clients across Charlottesville draft comprehensive estate plans so they have peace of mind knowing their assets and property will be transferred to the correct beneficiaries after they pass away. We know that without the right estate planning tools, your loved ones will face numerous obstacles as they try to obtain their inheritance after you pass away. That is why you need to reach out to our firm today to discuss which trusts you need to include in your estate plan to avoid probate and expensive taxes after you pass away.
What Is a Trust?
When you establish a trust, you are creating a fiduciary relationship with the person you assign to hold your assets. This person is known as the “trustee,” and they are responsible for distributing the assets held in the trust to the designated beneficiaries. The trustee must also follow the instructions you set regarding the terms of the trust. Clients keep various assets and properties in trusts to ensure their loved ones can cover their financial needs throughout their life.
Common Types of Trusts
There are different trusts that you can take advantage of if your goal is to make sure your estate is fairly distributed among your heirs and other beneficiaries. Regardless of the type of trust you choose to include in your estate plan, it is crucial that all of the legal documents are correctly written and executed in accordance with the law.
Norton Health Law, P.C. proudly helps clients in Charlottesville and the surrounding areas establish the following trusts:
- Asset Protection Trust
- Irrevocable Trust
- Revocable Living Trust
- Family Trust
- Charitable Trust
- Special Needs Trust
- Pet Trust
Schedule Your Free Case Consultation to Discuss Your Legal Options
Please get in touch with our legal team to discuss all of your questions regarding trusts and estate planning. Our friendly and knowledgeable legal professionals have a stellar reputation for providing top-notch legal services and representation. With our counsel and extensive resources, you can feel confident you are making informed decisions that will protect your wealth and legacy after you pass away.
If you would like to add trusts to your estate plan, then please don’t hesitate to call us today at (434) 216-4020 to request your free consultation.