Using A Trust To Protect Your Assets And Legacy
Trusts are often used to enable individuals to bypass the probate and estate administration process. Through a trust, you can identify a beneficiary (or multiple beneficiaries) who will be the recipient of whatever property or assets you put into that trust.
At Lustig, Evans & Lucas Co., L.P.A., our Cleveland trust lawyers each have numerous years of experience providing skilled legal advice and representation to clients throughout the area. As part of our comprehensive estate planning practice, we provide thorough legal services designed to meet your unique legal needs.
Creating Trusts That Meet Your Unique Needs And Wishes
There are numerous trusts that we can use to transfer your wealth to those you care about most. Depending on your end goal and who your beneficiary is, we can help you identify the trust or trusts that will best meet your needs, including:
- Living trusts
- Revocable trusts
- Special needs trusts
- Pet trusts
- Charitable remainder trusts
Once we have determined which trust will work best for you, we will help you take the next steps to fully realizing your trust. This includes identifying who you believe will act in your beneficiary’s best interests. This person, known as the trustee, will be in charge of administering the trust and supporting the needs of your beneficiary. We will then help you properly finance the trust through property transfers and other like steps.
We have encountered numerous trusts that are excessively long and overly confusing. Our goal at all times will be to create comprehensive legal documents that are straight to the point and easy to understand.
Assisting Clients Through The Trust Administration Process
If you have been named a trustee and are now required to administer the trust according to the wishes of its creator, we can help. Our dedicated attorneys can help you analyze the trust and take all steps necessary to meet your obligations.