Trusts are created for a variety of reasons: to care for family members, for tax planning purposes and as a means of protecting assets. Just as the name implies, trusts are created by placing property under the care and trust of a third party, the trustee, to be distributed to the beneficiary (i.e. yourself, your family, friends or a charity) according to the terms and conditions set forth in the trust agreement.
As trusts can be created to accomplish a number of goals, you should seek a skilled practice that has experience in the creation of trusts. The McClain Law Office concentrates on the goals and interests of the client and will design, create and maintain trusts that effectuate and promote your objectives.
Trusts are not required for every estate plan. The McClain Law Office will be able to advise you, based upon your needs, whether a trust is right for your plan. Trusts may be advantageous for any number of reasons. For example trusts are often the helpful when there is a need to provide future care or support for dependents or when an individual’s assets would become taxable under State or Federal Estate tax laws.
If you are interested in creating a trust, whether in an estate plan or a lifetime revocable trust, please feel free to contact the office. You will be provided the competent advice and guidance that you need to meet your own personal goals. Please use the contact form on this page, call at: 330-623-7529, or e-mail at firstname.lastname@example.org if you have any questions or would like to learn more about the services offered above.