Setting Up a Trust

Setting Up a Trust

A trust is another common estate planning tool used to distribute property. At the heart of a trust is the legal and fiduciary relationship where a Grantor or Settlor transfers property to a second-party, a trustee, for the benefit of a third-party or beneficiary. A trust can become a very complex estate planning tool used to distribute property. Rosales & Rosales attorneys focus on your specific needs, wants and wishes surrounding the establishment of your trust. Whether you are looking to establish a trust for personal or business reasons, we offer the consultation and knowledge necessary to get the job done.

The Different Types of Trusts & Which Trust Best Fits Your Needs

Many different types of trusts exist for many different purposes. At the core of a trust is a transfer of rights to property, held in a fiduciary relationship by an assigned party for the benefit of another. While the most basic trusts and most commonly applied are referred to as revocable and irrevocable, there exists numerous other types of trusts and options within those trusts that can become quite complex. Here at Rosales & Rosales, our knowledge surrounding the intricacies of trusts can help to make sure that your wishes are carried out, minimizing or eliminating estate taxes and avoiding the probate process.

Common Types of Trusts

  • Revocable Trusts
  • Irrevocable Trust
  • Life Insurance Trust
  • Credit Shelter Trust
  • Testamentary Trust
  • Charitable Trust

Rosales & Rosales - Attention to Detail

As mentioned above, the formation of a trust can become very complex. Rosales & Rosales Attorneys work with you to ensure that the type of trust your establish and the parameters and details surrounding that trust are wrapped up in your needs and wishes. We tailor our trusts to meet your specific needs, Contact us today to discuss.

Please contact us if you would like learn more about how we can help you.

Contact Us Today!