In addition to a will, other estate planning tools can help you accomplish your goals. One of the tools you may need is a trust. With a trust, you can set aside and protect certain assets for a specific purpose, such as the care of a disabled loved one, charitable giving and other reasons. You can protect assets from creditors. Through a trust, you can also pass assets directly to the person you want to have them without the cost, delay or publicity of a probate proceeding.
There are various types of trusts; the one that will offer the most benefit to you depends on your individual objectives. At Mack & Mack Attorneys in Fort Mill, part of our estate planning services includes identifying your options and establishing trusts, if appropriate and beneficial for you.
A trust is a powerful estate planning tool and several options are available. Different trusts accomplish different things, and the right choice depends on factors unique to your individual situation and the needs of your South Carolina family.
A trust places specific assets under the control of a trustee who must use them in accordance with your wishes in the interests of named beneficiaries. Among the types of trusts are the following:
Our lawyers will carefully and thoroughly evaluate your situation, identifying the most appropriate types of trusts that could be beneficial additions to your estate plan.
You deserve to know your options. If you believe a trust could be appropriate for you or you have other estate planning concerns, contact our office online or call us at 803-548-4751 for an appointment for an evaluation.