Trusts
Trusts Attorney in Jacksonville
We Are Here to Protect Your Wealth & Legacy
Have you added the right trusts to your estate plan that will ensure your wealth is transferred to your intended beneficiaries? If not, you need to consult with our legal team at Weldon Law Group, PLLC to find out which trusts you need to avoid probate and expensive taxes when it’s time for your loved ones to inherit your assets and property. We are here to advise you and answer all of your questions so you can make informed decisions about your estate planning needs.
Give us a call at (904) 712-2556 today to set up your free consultation with our legal professionals so we can get started creating a comprehensive legal strategy for you.
What Is a Trust?
With a trust, you create a fiduciary relationship with a person you assign to hold your assets. The person holding your assets is known as a “trustee.” The trustee will then distribute the assets to the people you select in accordance with the terms of the trust. If you strategically structure your trusts, you can leave your family members with enough money to cover their financial needs throughout their life.
Our dedicated legal professionals at Weldon Law Group, PLLC will gladly set you up with any of the following trusts:
Revocable Trust
With a revocable trust, you can manage and change the trust during your lifetime. Revocable trusts are still taxed while you are alive, but once you pass away, the trust becomes irrevocable. These trusts are also irrevocable once the terms have been administered by the trustee.
Irrevocable Trust
An irrevocable trust can’t be changed during your lifetime, however, there are numerous tax benefits with this type of trust that you might want to take advantage of. You should stop by our law firm to discuss your estate with our lawyers so we can determine if an irrevocable trust is right for your tax situation.
Living Trust
A living trust is an estate planning tool that most people use to help their beneficiaries and loved ones avoid probate so they can keep their financial information private. A living trust can be either irrevocable or revocable.
Life Insurance Trust
With a life insurance trust, you can decide how beneficiaries, such as minor children, use the money from your life insurance policy after you pass away. These trusts also ensure your loved ones can obtain your insurance benefits without the hassle of paying expensive estate taxes.
What Are the Benefits of a Trust Fund?
When you set up a trust fund for your children, you’ll enjoy peace of mind because you’ll know the money in the trust will be there when they need it most. The assets you put into the trust fund will also be shielded from legal claims and can’t be seized by courts and creditors. This will greatly benefit your children if they end up having to file for bankruptcy to get out of debt. If you have money and investments that you have set aside for your children, you need to consult with us to discuss how to protect your wealth with a trust fund.
Trusts & Estate Planning Services in Jacksonville
Our lawyers understand that your legacy is one of the most important things you leave behind for your loved ones. That is why our estate planning attorneys in Jacksonville are here to use our extensive resources and knowledge of the law to advise you and explain how to protect your assets and prepare your estate for the people who are most important to you. If you are worried about how your family will get by without you, you need to consult with our attorney in Jacksonville to talk about all of your options.
Call (904) 712-2556 today if you’re ready to schedule a free consultation with a member of our law firm.
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