Are You Considering A Trust?
If you are considering establishing a trust to leave assets for someone you love, it is important to talk with an experienced attorney you can trust. There are numerous legal complications and potential pitfalls involved.
At Coffin, Coffin & Blackman, our lawyers can help you. With more than a decade of experience handling trusts, estate plans, probate and other related issues, we have a thorough knowledge of revocable living trusts. Our lawyers will take the time to talk over your goals to make sure we help you establish a revocable living trust that will achieve your goals.
An Essential Part Of Your Integrated Estate Plan
Regardless of whether you establish a revocable living trust, you will still need to establish a will to maximize your estate plan. An experienced lawyer will know that every document in your estate plan (and many legal instruments that are not technically part of your estate plan) need to be coordinated to work in concert with each other. Our lawyers can help you create an estate plan that is integrated and uses the right tool for the job.
What Is A Revocable Living Trust?
A revocable living trust, or just living trust, is a trust instrument that allows you to retain control over the details of the trust as long as you are alive and have capacity. A living trust will transfer your assets to the trust when you die or when you lose capacity. At that point, control of the trust transfers to the trustee (though the trustee still has to manage the trust according to the instructions spelled out in the documents).
You can use a trust of this kind to provide for a child with special needs or to leave assets for your loved ones in a number of different contexts, like a trust that transfers assets as a reward for graduating college, for example.
A revocable living trust allows the assets to transfer outside of probate and expedite the process.
Establishing A Revocable Living Trust
It is important to work with an experienced attorney if you are considering a living trust. Our lawyers know the ins and outs of trust instruments and how they work in the larger context of an integrated estate plan. We are here to help you.