Trusts Can Be for Anyone
Some people believe that only the very wealthy need trusts to protect their assets and their children. At the Law Offices of William Roberge, we devise trust instruments for a diverse clientele, not just the rich.
Trusts have many functions, including:
- Preserving assets by protecting them from taxation
- Respecting the privacy of the family
- Protecting the futures of special needs children and vulnerable adults
Trusts are often drafted in conjunction with wills, with assets being placed in a trust via a will. They are not always mutually exclusive.
Learn More About Establishing a Trust
If you have minor children, special needs children or significant or complex assets, you may be better served by executing a trust. Many people are surprised to learn that they have significant assets — a house, a car, a 401(K), a retirement plan and life insurance. Our lawyer can advise you during your free initial consultation. To schedule an appointment, contact the Law Offices of William Roberge. Call us at 888-335-2340 or complete our contact form.
Examples of Useful Trusts
Attorney William Roberge can devise a trust for almost any situation. Some common types of trusts are listed here:
- QTIP trust. Provides an income for a surviving spouse while protecting and limiting survivor's access to the property held by the trust
- Life insurance trust. Can protect an estate from significant estate taxes
- Living trust. Allows individuals to pass along trust assets to heirs without going through the probate process
- Generation skipping trust. These pass property from grandparents to grandchildren without exposing property to significant taxation
- By-pass trust. Often used by spouses so that estate taxes are only paid once
- Marital trust. A trust that takes advantage of the federal marital deduction to preserve the assets in an estate
- Spendthrift trust. A trust that protects assets from a beneficiary who is unable to control spending by naming a trustee to monitor and limit access to the trust
Trusts such as these can be used for the benefit of young children, to protect assets if a surviving spouse remarries, to provide for adult children with special needs or other circumstances or to protect an estate from the uncontrolled spending habits of a beneficiary.
Find Out if a Trust Is Right for You
Call our Rockville law office at 888-335-2340 to discuss establishing a trust that meets your estate planning goals. You may also complete our contact form to schedule a free consultation.
