West Chester Trust Attorney
If you have specific assets that you wish to preserve for a specific beneficiary or group of beneficiaries, a trust can be very helpful. A trust is a type of financial arrangement that allows you to place assets under the care of a trustee who will manage them until they are to be distributed to the named beneficiaries.
Any type of asset can be put into a trust, including cash, securities and real property such as a home. There are many types of trusts that can be used to help you reach nearly any estate planning goal. A West Chester trust lawyer can help you through this sometimes intimidating process.
At the Law Office Therese L. Money, LLC, we represent clients throughout Southeastern Pennsylvania in all aspects of trust planning and administration. Our founding attorney, Therese L. "Terry" Money, Esq., will listen closely to your concerns and goals and explain how a trust may be able to help you.
Understanding How A Trust Works
There can be many advantages to establishing a trust. In many instances, the probate process can be minimized, which helps to control costs and maintain privacy for your estate and beneficiaries. In addition, there can often be tax advantages associated with distributing assets through a trust rather than a traditional will and probate proceeding.
Perhaps the greatest advantage of a trust is the level of control you have over how the assets are handled until they are distributed. As part of the trust agreement, you can include instructions regarding how you want the trust assets to be used or invested until the date of distribution. Depending on the type of trust you choose, you may be able to modify the terms of the trust after the agreement has been signed.
Our firm handles a broad range of trusts, including:
- Revocable and irrevocable living trusts
- Special needs trusts
- Charitable trusts
- Education trusts
- Insurance trusts
- Spousal trusts
- Trusts for beneficiaries under 21
Learn More About How Trusts Can Help You | Contact Us Today
To learn more about trusts and how they can help you reach your estate planning goals, contact our office to schedule an appointment with Terry. We are available by phone at 610-692-2248 or via email.