Best Trusts Lawyers in United States

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Perkins Coie LLP

Perkins Coie LLP

Anchorage, United States

Founded in 1912
2,875 people in their team
Perkins Coie is a leading international law firm that is known for providing high value, strategic solutions and extraordinary client service on...
English
Fletcher Tilton PC.

Fletcher Tilton PC.

Worcester, United States

Founded in 1822
102 people in their team
Fletcher Tilton PC proudly provides legal services to clients in Massachusetts and beyond. Offering a wide range of core and specialty services, our...
English
Woodburn and Wedge

Woodburn and Wedge

Reno, United States

Founded in 1918
45 people in their team
Even before the formation of the firm, the name Woodburn was an important part of Nevadaโ€™s early development. William Woodburn, father of the...
English
Balcomb & Green, P.C.

Balcomb & Green, P.C.

Glenwood Springs, United States

Founded in 1953
17 people in their team
Western Coloradoโ€™s Law FirmBalcomb & Green, P.C. is a law firm headquartered in Glenwood Springs, Colorado, with satellite offices in Aspen,...
English
Curtis Thaxter LLC

Curtis Thaxter LLC

Portland, United States

Founded in 1975
30 people in their team
Our StoryCurtis Thaxter was created in 1975 by a group of attorneys led by former Maine Governor and U.S. Ambassador to Canada, Kenneth M....
English
Willis Law

Willis Law

Kalamazoo, United States

42 people in their team
Willis Law is one of the fastest growing law firms in Michigan. We were founded here, and we have offices in Kalamazoo, Grand Rapids, Paw Paw, and...
English
Erickson | Sederstrom ES Law

Erickson | Sederstrom ES Law

Omaha, United States

Founded in 1968
50 people in their team
Welcome To Erickson | SederstromErickson | Sederstrom is a full service law firm. Our attorneys offer a wealth of legal experience to our clients...
English
Willingham & Cotรฉ, P.C.

Willingham & Cotรฉ, P.C.

East Lansing, United States

Founded in 1968
26 people in their team
Willingham & Cotรฉ, P.C.Trusted Legal ServicesFOR OVER 50 YEARS, Willingham & Cotรฉ, P.C. has served businesses, families and individuals in...
English
Depew Gillen Rathbun & McInteer

Depew Gillen Rathbun & McInteer

Wichita, United States

Founded in 1885
9 people in their team
Depew Gillen Rathbun & McInteer, LC is a general practice law firm in Wichita, Kansas. Our attorneys are nationally respected for their...
English
Roedel Parsons Blache Fontana Piontek & Pisano

Roedel Parsons Blache Fontana Piontek & Pisano

Baton Rouge, United States

Founded in 1988
65 people in their team
Our GoalOur goal has always been to offer quality legal services in a timely manner at an affordable price. By attracting exceptional law school...
English

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About Trusts Law in United States:

Trusts are legal arrangements in which a person, known as the grantor, transfers property to a trustee to hold and manage for the benefit of beneficiaries. Trusts can be used for various purposes, including estate planning, asset protection, and charitable giving. In the United States, trust law is primarily governed by state laws, although there are also federal laws that may apply in certain situations.

Why You May Need a Lawyer:

There are several situations in which you may need a lawyer's assistance with trusts, such as creating a trust, modifying an existing trust, resolving disputes among beneficiaries, or navigating complex tax laws related to trusts. A lawyer can help ensure that your trust is legally sound and meets your specific needs and goals.

Local Laws Overview:

Key aspects of local laws that are particularly relevant to trusts in the United States include requirements for creating a valid trust, the duties and responsibilities of trustees, and the rules governing trust administration and distribution of assets to beneficiaries. Each state may have its own specific rules and regulations regarding trusts, so it's important to consult with a lawyer who is familiar with the laws in your state.

Frequently Asked Questions:

1. What is the difference between a revocable trust and an irrevocable trust?

A revocable trust can be altered or revoked by the grantor during their lifetime, while an irrevocable trust cannot be changed once it is established.

2. Do I need a lawyer to create a trust?

While it is possible to create a trust without a lawyer, consulting with a legal professional can help ensure that your trust meets all legal requirements and achieves your intended goals.

3. How are trusts taxed in the United States?

Trusts are subject to specific tax rules, including income tax and estate tax considerations. A lawyer or tax professional can help you navigate the complex tax implications of trusts.

4. What is a trustee's role and responsibilities?

A trustee is responsible for managing the trust assets, following the terms of the trust document, and acting in the best interests of the beneficiaries.

5. Can a trust help with asset protection?

Yes, certain types of trusts, such as irrevocable trusts, can be used to protect assets from creditors and lawsuits.

6. How do I choose beneficiaries for my trust?

You can select beneficiaries based on your personal preferences, family relationships, and financial goals. It's important to clearly define the beneficiaries in your trust document.

7. Can I change the terms of a trust after it is created?

Depending on the type of trust, it may be possible to modify the terms with the consent of all parties involved or through court approval.

8. What happens to a trust when the grantor passes away?

Upon the grantor's death, the trust assets are typically distributed to the beneficiaries according to the terms of the trust document, without going through the probate process.

9. How do I choose a trustee for my trust?

You can select a family member, friend, professional advisor, or corporate trustee to serve as the trustee. Consider factors such as trustworthiness, financial expertise, and availability when choosing a trustee.

10. What are the advantages of creating a trust for estate planning?

Trusts can help avoid probate, reduce estate taxes, protect assets from creditors, maintain privacy, and provide for the long-term management of assets for beneficiaries.

Additional Resources:

For more information on trusts and estate planning, consider consulting with the American Bar Association's Section of Real Property, Trust and Estate Law or the National Academy of Elder Law Attorneys. You can also visit the official website of your state's bar association for resources and referrals to trust law professionals.

Next Steps:

If you are in need of legal assistance with trusts in the United States, reach out to a qualified trusts and estates lawyer in your area. They can provide personalized guidance and advice to help you navigate the complexities of trust law and protect your assets for future generations.

Disclaimer:
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.