Crystal LawyersPerth, Australia
About Val AntoffI am an experienced Wills and Estates lawyer and aim to give legal advice and services to my clients in a way that’s accessible,...
Yuen Law LLCClarke Quay, Singapore
Yuen Law LLC is an award winning law firm that was named “Boutique Private Client Law Firm” in 2016, “Client’s Choice for Boutique Private...
Law Bureau ConsultKyiv, Ukraine
The Consult provides a full range of legal services in Ukraine 🇺🇦 As professionals, we guarantee a high level of quality and responsibility. We...
Owen Hodge LawyersSydney, Australia
Owen Hodge Lawyers is a top tier law firm that Sydney residents rely on. We commenced providing legal services to the St George and Sutherland...
I.R.B. LAW LLPRaffles Place, Singapore
I.R.B Law LLP was founded with a vision to build a law firm that delivers effective and efficient legal services to everyone, from the man on the...
Christopher Bridges Law CorporationAlexandra, Singapore
The firm primarily operates in these practice areas: Criminal Law, Civil Litigation, Dispute Resolution, Corporate and Commercial Law, Debt...
A trust is an alternative method of estate transfer and planning that lies in a fiduciary relationship. It is established via a written agreement or declaration. Trust is quite similar to a will, but it does not undergo probate. The “trustor” is the owner of the estate who would authorize a “trustee” to handle estates and hold assets on behalf of the “beneficiary.”
There are many types of trust and different individuals utilize them for different purposes. However, there are two well-known categories: revocable living trust and a testamentary trust.
A “revocable living trust” is a trust document created by an individual that can be changed over time during the lifetime of the trustor. It is used to transfer property after death to loved ones while preventing probate court intrusion. Moreover, the trustor will also maintain ownership held by the trust until death.
A testamentary trust is created in compliance with a last will and testament to manage the assets of the deceased on behalf of the beneficiaries. It is also used to reduce estate tax liabilities and ensure professional management of the assets of the deceased.
Although trust may sound beneficial, it requires many complex documents to set up. Some of those documents may also contain certain information which cannot be easily answered through a simple online search. One may consider getting help from an experienced trust lawyer. To ensure that any difficult details are handled with ease and prevent any adverse outcome. Hiring a trust lawyer is a life-changing decision that cannot be ignored. Check best Trust Lawyers in your location in Lawzana
Ready to get Started?
Send your needs to matching lawyers and pick the best one.