A trust, as a legal entity that holds assets for someone’s benefit, are a powerful tool for accomplishing a wide array of goals. They also have several unique benefits.
First, by creating a trust and funding it with your assets during your lifetime, you can ensure that your family never has to go through the probate process. This is especially important if you own property in multiple states, as probate is often required in each state in which you own assets. Costs of probate also range by state and can become a financial burden on your family.
Second, trusts can help you control your finances beyond the time of your death. For example, if you do not wish to give your children a lump sum payment, a trust can ensure that your children have access to the money for basic needs, such as healthcare and education, but that they do not receive a lump sum distribution until they are old enough to manage it wisely. Keeping your child’s inheritance in a trust can also protect those assets from your child’s creditors or a divorce settlement during the child’s lifetime, or simply from the child’s poor financial judgment.
Furthermore, you can set aside money in a trust for what you think is important; money can be designated for the care of a disabled spouse or family member, or even for a pet.
Finally, trusts can also be an efficient tax planning measure. If estate tax is a potential concern, a trust can be formed that will help ensure that you maximize the tax exemptions available to your heirs.
We can help you customize your estate plan so it is best for your family and your specific needs. With the creation of a trust, we can help you not only control the distribution of your assets but also the way in which the assets are used by the recipient for years to come.
We have offices in Alpharetta and Atlanta Georgia; and we serve clients throughout all the counties and cities in and adjacent to the Atlanta-metro area.
Call 770-609-1247 or use the Email Submission Form Below
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Coleman Legal Group, LLC handles cases in the following cities and communities: Atlanta, Alpharetta, Roswell, Johns Creek, Milton, Cumming, Marietta, Sandy Springs, Woodstock, Kennesaw, Gainseville, Norcross, Lawrenceville, Midtown, Inman Park, Duluth, Buckhead, Dunwoody, Vinings and Smyrna.
Our Georgia attorneys frequently handle cases for clients residing in the following counties: Fulton, Gwinnett, Forsyth, Cobb, DeKalb, Henry, Cherokee, Douglas, Carroll, Coweta, Paulding, Bartow, Hall, Barrow, Walton, Newton, Rockdale, Henry, Spalding, Fayette and Clayton.
Coleman Legal Group, LLC’s Georgia lawyers practice in the areas of Divorce, Family Law, Immigration, Bankruptcy and Business Law. We have two convenient offices located at:
Alpharetta Georgia Office
5755 North Point Parkway
Alpharetta, GA 30022
Atlanta Georgia Office
659 Auburn Avenue Northeast
Atlanta, GA 30312
Copyright © 2014 | Coleman Legal Group, LLC | All Rights Reserved. Coleman Legal Group, LLC • 5755 North Point Parkway, Suite 52 • Alpharetta, GA 30022 • 770-609-1247 DISCLAIMER: The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.
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