Effective Use Of Living Trusts
Estate planning can be confusing and intimidating for most people in general, and concepts like revocable living trusts can be particularly difficult. But they need not be. With sound legal counsel from an experienced lawyer, a revocable trust can be an invaluable instrument in a comprehensive estate plan.
At the Law Office of Warren B. Brams, P.A., we represent clients in a range of estate planning matters, including the establishment of revocable living trusts. Clients of West Palm Beach revocable trust attorney Warren B. Brams benefit from his more than 25 years of legal experience and his commitment to providing personalized, detail-oriented legal service.
Benefits Of Revocable Trusts
There are a number of important benefits to using a revocable trust, including:
- Avoiding probate: With a properly executed revocable living trust, the assets are transferred during the grantor’s lifetime through a different instrument than the will, so these assets will generally avoid the probate process.
- Retaining control: Because it is revocable, a revocable trust will generally allow the grantor to withdraw funds from the trust during her or her lifetime, providing the grantor a greater degree of control over the assets.
- Minimizing tax consequences: Attorney Brams helps clients draft revocable trusts so as to minimize the taxes associated with asset transfers and gifting.
With more than 25 years of legal experience, attorney Warren B. Brams can help you establish a trust, name a trustee, determine how it will be funded and handle all other aspects of your revocable living trust. Attorney Brams considers all aspects of a trust to make sure it works in concert for a functional, comprehensive estate plan.