How Can A Trust Benefit Us?

How Can A Trust Benefit Us?

A trust is a legal tool that helps you manage your assets and protect your family’s future. Here’s a simple way to think about it: a trust is like a special box where you can place your valuable items, such as money, property, or investments. When you create a trust, you choose someone to be in charge of this box, called a trustee. The trustee’s job is to manage and distribute the items in the box according to your instructions.

Why Consider a Trust?

  1. Avoid Probate: One of the main benefits of a trust is that it can help your family avoid probate, the legal process of distributing your assets after you pass away. Probate can be time-consuming and costly. With a trust, your assets can be distributed quickly and privately.
  2. Control Over Your Assets: A trust gives you more control over how and when your assets are distributed. For example, you can specify that your children receive their inheritance at certain ages or under certain conditions.
  3. Protect Your Privacy: Unlike a will, which becomes public record, a trust keeps your financial matters private. Only the people you choose will know about the details of your trust.
  4. Provide for Your Loved Ones: Trusts can be tailored to meet your specific needs. You can create a trust to provide for a special needs child, protect assets from creditors, or even ensure your pets are taken care of.
  5. Tax Benefits: Certain types of trusts can offer tax advantages, potentially reducing the amount of taxes your estate may owe.

Creating a trust may seem complex, but that’s where we come in. If you’d like to learn more about the benefits a trust could provide, we would be happy to discuss your needs and potential trust arrangements to fit your goals, as well as alternative options.

To get started, just schedule a consultation. 


Exciting News: We’ve Won the 2024 Best of GR Grandtastic Award!

We’re so excited to share that Inhulsen Law was voted “Best Attorney- Wills & Trusts” in the Grand Rapids Kids 2024 Grandtastic Awards! We’d like to extend our gratitude to our incredible team, amazing clients, the Grand Rapids Kids team, and everyone who voted for us. We love what we do!

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