A revocable trust lawyer in Montana focuses on the creation and administration of trusts. A revocable trust is a binding, but editable, contract that documents one party’s assets, and charges another person or entity to hold and control them for the benefit of a specific individual or group. This is beneficial for the owner of the assets, who can focus on other aspects of business or life while knowing that their assets are secure and being used in the direct specified manner. Silverman Law Office, PLLC, is a highly experienced law group with over a decade of proven success in this sector.
The original owner of the assets, known as a settlor transfers moderatorship to another party, often a trusted individual or lawyer, to use and distribute finances or benefits to beneficiary or beneficiaries, often children or a spouse, though almost anyone can be named as such. Trusts have been used in various forms for thousands of years, with early versions dating back to ancient Rome. A tremendously useful legal establishment, trusts protect assets and ensure that the wishes of the settlor are met.
The job description of a Montana revocable trust lawyer is quite broad. It typically begins with the initial drafting of the trust contract. The lawyer may appoint a trustee, or act as one, personally handling distribution as required. Asset management can be multi-fold, and many items can be an asset. Most often, these are in the form of finances, real estate, and insurance policies, but other items may be included as well. A lawyer will be able to advise what specifically should not be included in a trust, such as daily-driven automobiles and life insurance policies.
Items or money in the trust will be allocated to beneficiaries in accordance with the legally binding terms of the trust. These terms are superseded by court order and state law, and can be altered by the settlor under certain conditions. In the event of your death, the trust will automatically be distributed to avoid probate and other additional complications.
There are many reasons why one might consider creating a trust, such as protecting your finances. A strong lawyer at Silverman Law Office, PLLC is your guide in the creation of a trust contract and verifies that any legal aspects are covered. A revocable trust lawyer may additionally be versed in estate law, and can assist in the creation of a will. While there is some overlap, a will is not the same thing as a trust.
When you reach out to a revocable trust lawyer in Montana who listens to your specific requirements, you are talking to a friend, a family companion, and a safety net. Concerned solely about your specific needs and interests, Silverman Law Office, PLLC strives for the safety of your money and prosperity of your beneficiaries. Your assets are valuable, and you have worked hard to attain them. Ensure that they are protected and that your wishes are realized.
