While the end of life isn’t something we want to think about, we still ought to prepare for whatever may come. As such, it’s beneficial to get estate planning out of the way when you can and make adjustments as life or family arrangements change. For this reason, establishing a revocable trust in Mt. Pleasant SC might be your best option. And if looking for help starting a trust, all Buxton & Collie, LLC to lend a hand.
A revocable trust can be used as an alternative to some of what a will can accomplish in terms of estate planning. Through a trust (revocable or not), wealth and assets are directed under a private entity and assigned to a trustee of your choosing. The trustee’s job is to manage the distribution of assets under the trust upon your death. Where revocable trusts differ from other trusts is their flexible nature. Throughout your life, you can make changes or adjustments to provisions identified under your trust.
Of course, there are other options for distributing assets to beneficiaries after one’s death, such as wills or other trust types. However, revocable trusts offer advantages that might work best with your estate planning.
Revocable trusts for Mt. Pleasant SC residents aren’t always the best option for estate planning. For example, wills are more affordable to set up, and they can address more than your assets upon your death. And other trusts can be more effective when looking to protect your estate. Or, if you don’t require assistance with estate planning, Buxton & Collie can offer other legal services. Our practice areas include:
If a revocable trust in Mt. Pleasant SC is something you are considering establishing, find help setting it up from the experienced team at Buxton & Collie, LLC. To learn more, contact us today at 843-606-2397 for a consultation. Also, we are located at 940 Johnnie Dodds Blvd, Ste 100, Mt. Pleasant, SC 29464.