A trust is a legal creation that is treated as a legal person and can own assets, including money and real property. Trusts are established for a variety of purposes. As an estate planning tool, trusts allow you to reduce estate taxes, protect your assets from creditors, and plan for the investment and management of trust assets. Trusts, like wills, allow you to include instructions regarding the distribution of your assets after death, but are exempt from the probate process, provided that they are properly funded. Trusts also provide greater flexibility regarding modification and revocation.
The attorneys at Kovar Law Group are prepared to handle all of your trust matters, including the drafting of trusts, representation of trustees, assisting in the administration of trusts, and representation of beneficiaries seeking to enforce their rights.