Secure Your Legacy

Revocable Living Trust

Gain peace of mind with a Revocable Living Trust, which allows you to retain complete control over your assets while you’re alive. You can alter or dissolve the trust at any time should your circumstances or intentions change.

Irrevocable Living Trust

For those interested in reducing estate taxes and protecting assets from creditors, an Irrevocable Living Trust is a secure option. Once established, it cannot be altered, ensuring that your assets are managed exactly as you wish beyond your own lifetime.

Special Needs Trust

We also specialize in creating Special Needs Trusts, designed to provide for loved ones who require long-term care without jeopardizing their eligibility for public assistance programs.

Living Trust

• Reduce Estate Taxes: For married couples, establishing a trust can lead to significant estate tax savings. In Massachusetts, for instance, a well-drafted and managed trust might save about $100,000 in estate taxes after the death of the second spouse.
• Protect Minor Children: A trust can safeguard funds for minor children until they are mature enough to handle finances themselves. Often, disbursements are set at milestone ages, such as 25, 30, and 35, to ensure responsible management.
• Safeguard Your Adult Children from Financial Mismanagement: If there are concerns about an adult child’s ability to manage finances responsibly, possibly due to substance issues or poor financial habits, a trust can maintain the funds and distribute them as needed throughout the child’s life.
• Preserve Family Assets: Creating a trust can be crucial if you’re concerned about keeping assets within the family, especially in situations where a child’s marriage might end in divorce, protecting your assets from leaving the family circle.
• Mitigate Risks of Reckless Spending: If you worry about a surviving spouse potentially mismanaging the estate with a new partner, placing assets in a trust managed by a professional trustee ensures that the funds are preserved and not squandered.
• Avoid Probate: Transferring assets to a trust during your lifetime can bypass the probate process. This transition involves changing the ownership of assets, like bank accounts, into the trust’s name, which can be facilitated with the help of financial advisors or lawyers.
• Maintain Family Privacy: Unlike a will, which becomes public record through probate, a living trust remains confidential, keeping sensitive information such as asset values and detailed inventories private.
• Protection During Lifetime: Funding a trust while you are still alive ensures that if you become incapacitated, a successor trustee can manage the trust assets for your benefit. This is particularly important for single individuals or those without children, as it provides for their care and financial management.