A trust is a set of instructions that a person leaves telling someone else how to manage and distribute property. Normally, a trust does not need to proceed through a probate court in order to become effective. The person making the trust is called the trustmaker and the person managing and distributing the property is called the Trustee. Trusts are used to:
- Allow a client to provide for his or her own care in the event of disability or incapacity.
- Allow a client to avoid costly administrative expenses, lawyer’s fees, time delay, and publicity involved in probating a will.
- Allow a client to accomplish maximum state and federal estate tax planning.
Trojack Law Office, P.A. offers a complimentary one-hour estate planning conference to clarify your estate planning goals and to determine your best estate planning options. In order for us to more fully realize your estate planning goals, we need to have additional information about your family so that we can respond with the appropriate law for your situation. We ask that you have the following information completed before we meet to discuss your estate planning needs:
- Estate Planning Goals Worksheet: This allows you to rank which estate planning issues are the most important. This helps clarify your expectations and estate planning goals.
- Estate Planning Helper/Beneficiary List: This will allow us to see the people you want to be directly involved in the estate plan. Please feel free to list anyone, including financial advisors, life insurance agents, and, of course, your loved ones.
- Things to Bring to our First Meeting: This list gives us an idea about what your asset picture looks like. It allows us to design an estate plan that fulfills your specific wishes and is appropriate for your asset picture.
These documents will help us determine which plan best suits your needs and desires for your family. We will also be able to use our time together more efficiently. Please remember to bring these materials to our initial consultation.
To organize your estate, please complete the Personal Information Form. This will help us determine what estate plan is appropriate for your particular asset picture. In the case of Trust planning, the Personal Information Form helps ensure that all your assets are funded into your trust. After our initial consultation, completing this form is one of the first steps to moving forward.