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Get Your Estate in Order How Gautsche Law Group, P.C. Can Help You Plan for the Future

Trust Attorney in Albany

Understanding the Benefits of Creating a Living Trust

A revocable living trust offers several advantages. Perhaps most importantly, it can help your beneficiaries avoid the often lengthy, expensive, and complex probate process. Living trusts are a beneficial option for certain individuals, but they are not necessary for everyone. In some cases, a solid estate plan is enough.

If you’re interested in learning more about creating a living trust, contact a trust attorney in Albany who can help you weigh your options. Our firm has considerable experience in all aspects of estate planning, including revocable and irrevocable living trusts. We can help you determine if this option is the best one for your unique situation.

Contact Gautsche Law Group P.C. online or by phone at (518) 444-7026 to speak with Attorney Gautsche today.

When Is a Trust an Ideal Option?

For most people, having an estate plan that includes a will is sufficient. However, if you have a unique or complicated situation, you might want to consider establishing a living trust.

A living trust might be beneficial to you if:

  • You own property in multiple states and wish to have your beneficiaries avoid multiple probate processes.
  • You want to reduce estate tax through an AB trust if your estate has a total worth of more than $5 million.
  • You have an illness that may eventually disable you and you wish to establish a trustee who can replace you if you become incapacitated.

There are many different types of living trusts but, generally speaking, an individual can either set up a revocable living trust, which can be changed or amended over time, or an irrevocable living trust, which cannot be changed. It is also possible to name yourself as the primary trustee during your lifespan and have this transfer to a successor trustee after incapacitation or death.

Create a Living Trust with Gautsche Law Group P.C.

Should you choose to create a living trust, our Albany trust attorney can help you take the necessary steps to avoid errors or complications. We can assist you with everything from the initial trust document drafting to ensuring the trust is properly notarized to transferring property to your trustee. Our firm doesn’t believe in a one-size-fits-all solution, which is why we offer personalized legal services and advice tailored to your situation.

Schedule a consultation with us today to learn more about how we can help you establish a trust. Call us at (518) 444-7026 or contact us online.

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