You may be one of the many people in Georgia who spends a great deal of time working hard and saving for the future. Many people who have spent their lives working for their families often want to know of the many different options available to them in regard to ensuring that their estate is not lost to taxes and court fees, as much as possible, and that their wishes are met. For these people, trusts may be the best option.
A revocable living trust has a number of advantages. It allows a person to make his or her wishes known, usually avoiding the probate process. Because probate can be expensive, assets earmarked for loved ones could ultimately end up paying court costs if there is not trust in place. Additionally, trusts can help minimize the amount taxes paid, further preserving a person’s estate.
Such a trust also gives the grantor flexibility. A revocable trust can be altered at any time. However, it also allows the grantor to place restrictions on how the assets in the trust are distributed in order to protect an heir who may not be ready to make mature decisions regarding a large inheritance.
The creation of trusts is very important and requires personalization. As a result, many in Georgia seek the services provided by Emert Law Firm. We are committed to making sure that a trust meets the individual needs of our client. As part of the process, we will take them time to get to know you and ensure that we have a strong understanding your wishes and needs.