Trusts are a valuable part of a comprehensive estate plan, giving you options to protect the people you care about most. Far from being just a fancy allowance for the very wealthy, a well-structured trust can provide the means for a child’s education, enhance the life of an adult or child with special needs, and protect your family home for future generations. Contact our Livingston, MT, trust lawyers if you are curious about how a trust can help you meet your financial goals. We review your estate plan, current financial situation, and goals and then make personalized recommendations for the type of trust or trusts that can best help you accomplish them. Silverman Law Office, PLLC, is the area’s most well-respected estate planning firm. Call today.
Trust Lawyers Livingston, MT
If you’re, like many people, you may believe that estate planning begins and ends with writing a will. Not so! A trust is a flexible tool for asset protection and managing your estate. A trust contains assets (money, investment accounts, real estate, or even a personal injury settlement) that benefit the beneficiary without the need for the beneficiary to own the assets. For example, a parent may establish a trust to pay for a child’s education or to protect a life insurance payout for their child until that child reaches majority. Trusts can also be used to enhance the life of someone with special needs, paying for things that their government benefits won’t cover without jeopardizing the beneficiary’s eligibility for those benefits.
You can also create a trust for your own benefit. Trusts can protect assets from seizure by creditors, or can be used to help you become eligible for Medicaid. Or, perhaps, you have a family home you want to preserve for future generations. A trust can own the home while you and your spouse enjoy living in the house, and then after you pass away, the house in trust can pass to the next generation. These are just a few ways families use trust to build generational wealth and enjoy greater financial security. Our Livingston trust layers can explain which types of trusts will best suit your obligations and financial goals.
To Create An Effective Trust, Experience Matters
For a trust to be effective, it must comply with Montana and federal laws, be properly structured, and have a trustee who appreciates and fulfills their fiduciary duties. Our Livingston trust lawyers develop trusts that withstand legal challenges and can even act as trustees if you don’t have someone in your life you entrust with the responsibility. Our experience means you can rest easy, knowing that no matter what the future holds, you’re protected.
- Recipient of the Legal Excellence Award for Literary Distinction
- Featured 5-star attorneys on Lawyers.com
- Our attorneys are licensed to practice in multiple states, including Montana, Idaho, Florida, Wyoming, Ohio, Arizona, and Colorado
- Firm founder and lead attorney Joel Silverman is a published author with several published books on business, taxes and estate planning and a well-known public speaker for professional law organizations
Do you need a new trust created or an existing one revised? Contact Silverman Law Office, PLLC, today for a consultation.
