Protecting Your Legacy
Large estates – those with substantial real estate, personal property, and financial assets – can present unique challenges with it comes to management and accountings. These issues can also lead to more complicated probate procedures with higher administration fees. There are steps you can take now to effectively reduce the size of your estate that can save you and your family legal headaches done the road.
A trust is a legal instrument that will remove property or money from your estate to be held in trust, thus protecting it from probate proceedings, in most cases. At Pacific Cascade Legal, we understand this important part of an estate plan and we can work with you to devise and execute a legally binding document to protect you and your family’s best interests.
Call our Vancouver trust attorneys at (360) 506-6332 to discuss your needs and to learn how you can benefit from a comprehensive estate plan.
What Are Trusts?
A trust establishes the legal relationship between the trustor and trustee wherein the trustor gives their property to the trustee to hold for future beneficiaries. That asset or property is then held “in trust” and the trustee has the right to manage and use them. This is curtailed by their fiduciary duty to use the assets held in trust to benefit the beneficiaries or protect the estate from creditors.
There are various recognized forms of trusts that provide for or limit a trustee’s power, and our Vancouver trust attorneys can help you pick the legal vehicle that will be right for your unique situation. This may include an educational trust to limit disbursement to be used only for a beneficiary’s academic pursuits or a special needs trust to provide for a loved one with a disability. We will look at your financial circumstances and the condition of your estate to help determine the trust that will best benefit your heirs.
Depending on your situation, we can help you draft and execute the following trusts:
- Irrevocable or revocable trusts
- Family trusts
- Spendthrift trusts
- Healthcare trusts
Drafting Your Estate Plan
Determining and drafting an appropriate trust is the job of a skilled attorney. This requires in-depth knowledge of the law and training into what best suits a number of unique circumstances. At Pacific Cascade Legal, we provide thorough advice and legal counsel that puts your and your family’s needs first. Our goal is to preserve your financial wellbeing so you can pass your hard-earned assets onto those who your care about.
Contact our Vancouver trust lawyers at (360) 506-6332 to schedule your initial consultation.