Trust Services
Do you want to be able to have your loved ones quickly settle your estate after your passing and be unburdened by time-intensive probate proceedings? Are you worried that your loved one’s risk losing their inheritance due to creditors' claims? Competent trust planning can help provide you with solutions to these problems and much, much more.
Here at Chatuge Elder Law, we have extensive experience with trust drafting and will work closely with you to ensure that your planning needs are properly addressed. We can even help you plan for contingencies you did not know existed. For example, many are unaware that leaving an inheritance could potentially disqualify a loved one from other financial assistance they rely on in. We will help you avoid such planning pitfalls and use our expertise in various trust arrangement to accomplish the planning objective you have. Below are some of the trust instruments that our office has the most expertise in.
Our family relationships are complicated; Are your beneficiaries distant cousins or non-blood relatives; Do you own real property in multiple states? Then a Revocable Living Trust is a simple way to avoid the difficulty and expense of probate. We draft individual land joint trusts depending on your needs. The revocable living trust is the foundation for many estate plans. By putting in the creation and funding work now, you provide an easier path for your loved ones to follow.
This special type of trust is available to protect what you own. Whether a family of modest means or abundance, we are all concerned about loss of our property in uncertain times. We can explain your options and match levels of protection to fit your goals.
Most trust makers want to take care of their spouse. But outside influences like Estate Taxes or predators require special attention. We have experience with marital trusts that take care of surviving spouse; and we guide you through estate tax portability elections and family credit shelter trusts to minimize estate tax burdens. These trusts also provide remarriage protections and can help preserve blended family assets from waste by a stepparent.
Do you assist a loved one with their living expenses? Are you concerned about what will happen when you are gone? Will their inheritance disqualify them from needed aid? This special type of trust is available to enable a Trustee to provide for their care or supplement government assistance if needed. We will help you understand the role of the Trustee, Trust Advisors, and Care Managers for the long-term effectiveness of the trust.