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Protect Your Family
By taking control of your Estate. When you need thoughtful, experienced legal assistance for creating your Trust, turn to Fairfield Law Office. We will explain how to manage your assets with an Estate Plan and how to distribute your Estate to your heirs without court interference.
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What Is a Trust?
A Living Trust lets you control the management of your assets while you are alive and specify the distribution of your Estate to your heirs after your death – often without court involvement.
A Trust often results in:
- Avoiding Probate
- Lowering costs to distribute your assets to your family
- A shorter amount of time for the distribution of assets to your heirs
- Privacy concerning your Estate Plan for the distribution of your assets to your designated heirs
Conservatorships and Court Management
If you don't plan appropriately in advance and become incapacitated, a court-supervised conservatorship proceeding may be required. An example of a common situation where planning ahead of time can reduce costs and confusion: planning for tax-deferred assets.
Tax-deferred assets can create unexpected income tax issues if not properly accounted for.
Court administration of your assets require annual filings to the court and is always much more cumbersome and expensive than administration through a Trust.
