Trust Attorney Awendaw SC

Jumpstart Your Estate Planning with a Trust Attorney for Awendaw SC

As time marches forward, we must consider the ways life will continue beyond our passing. More specifically, we ought to plan for our family’s future once we’re gone. Estate planning is the best way to ensure your family and friends have your support after your death. When considering where to start with estate planning, establishing trusts has become a popular method for organizing and distributing assets. To set up your own trust, talk with a trust attorney for Awendaw SC from Buxton & Collie, LLC.

Why Set Up a Trust?

While wills are also an essential part of estate planning, trusts offer more to protect your assets. This is because trusts are kept private and out of public record. Thus, you don’t have to contend with the probate process, potentially sacrificing a significant portion of your estate to probate court. Instead, a trust establishes an agreement between you (the trustor) and trustees in how assets will be divided upon your passing.

Primary Trusts Types

A trust can be established in several ways, giving either the trustor or trustees more control of assets. For example, the primary types of trust include:

• Living Trust – A trust in which the assets can be used and benefit the trustor during their lifetime. Control of assets is then relinquished to the trustee upon the trustor’s death.
• Testamentary Trust – Assets are put aside, only to be accessed once the trustor has died.
• Revocable Trust – A trust that can be changed, added to or revoked during the trustor’s lifetime.
• Irrevocable Trust – A trust that, once set up, cannot be changed by the trustor or trustees.

Why Hire a Trust Attorney?

Your trust attorney for Awendaw SC can help well beyond the initial establishment of a trust. In fact, the services an attorney provides can ensure the proper management and initiation of a trust after one’s death.

• Inquire About Specific Benefits – There are advantages to creating a trust that aren’t always readily available online. Talking with an attorney is the best way to understand how a trust will affect your overall estate planning.
• Protect Assets – As mentioned previously, a trust is one of the few ways to keep your estate private and removed from the probate process. Furthermore, placing your assets in a trust can maximize the benefits your beneficiaries receive. Hiring a trust attorney is the only way to put this protection plan into action.
• Management – If the management of an estate becomes too much for a trustee to handle, an attorney can lessen your burden. We can assist with specific tasks in the implementation of a trust. Such tasks include tax filing for the deceased, handling any outstanding debts, dividing assets amongst beneficiaries, and more.
• Deal with All Legal Matters – Establishing a trust is a legal process and can require an attorney to ensure everything is set up to comply with state and federal laws.

Talk with Our Team

When you’re ready to take the next step in your estate planning process, you need a trust attorney for Awendaw SC with experience establishing and managing trusts throughout the state. Thankfully, Buxton & Collie, LLC is up to the task! And to learn more about our additional legal services, such as business law and real estate law, call us today at 843-606-2397. Also, we are located at 940 Johnnie Dodds Blvd, Ste 100, Mt. Pleasant, SC 29464.