Longwood Trust Attorneys

Drafting a Thorough Trust - (407) 439-2822

You may have concerns about what will happen to your important assets when you pass away. A will alone may not be enough to ensure your wishes are followed. If you have specific wishes for your assets, or you want to mitigate the impact of probate, a trust may work for you.

There are more than thirty different types of trusts. These various trusts can be used to fulfill specific estate planning needs. Whether you and your spouse wish to create a simple, revocable living trust or you have specific goals for minimizing taxes or protecting assets, we can help. At Levy & Associates P.A., our mission is to use the tools and knowledge available to us to establish a trust and create an estate plan which accomplishes your goals.

What Is a Trust?

A trust is an entity that holds property over a specified period of time designated for specific beneficiaries. This legal entity leaves not only property behind but specific terms that must be followed.

For example, a trust can be left for a minor child who can only start using the funds after they turn 18, 21, or another designated age. A trust can even be set up to distribute a percentage of assets as the beneficiary ages, or once every few years.

The grantor or creator of the trust must also appoint a trustee or representative who is responsible for managing the assets and administering property. Depending on the type of trust, the trustee can be a family member or a professional trustee.

Why Work With an Attorney for Your Trust?

It is possible to create a trust without the assistance of an attorney. However, an experience lawyer is highly recommended for the creation of any trust. A trust attorney can understand your needs and goals, identifying the best trusts for you to carry those out. An attorney can also help you file any necessary paperwork to ensure the trust is legally compliant.

Additionally, a lawyer with experience in estate law can help ensure your trust works in harmony with the rest of your estate plan. They can help you identify assets to protect with a trust, and assets or other estate planning aspects that should be mentioned in your will.

Consult with Levy & Associates, PA on Your Trust

Many people have the misconception that trusts are only for wealthy people. Trusts can actually be used in a wide range of situations and for people of all income levels. Depending on your circumstances, your interests may be served by one or more types of trusts. Our Longwood trusts lawyers at Levy & Associates P.A. can work with you to determine what type of trust fits into your estate plan.