By establishing a living trust, you may help your beneficiaries avoid probate costs and procedures after you pass away. Many couples and individuals find that living trusts enable them to prepare to pass on assets with minimal tax liability and a streamlined path to control of assets by the family.
Discuss your needs and concerns related to your assets and your intended beneficiaries with an experienced, caring Raleigh living trust attorney at the law offices of Crawford & Crawford, LLP, Attorneys at Law. We are prepared to help you plan for a smooth transition of assets on your terms through establishment of a living trust.
In a living trust, the trustor or grantor (the person establishing the trust) plans for one or more of the following potential or eventual realities:
- Incompetence or inability of the trustor to manage his or her own affairs while still living
- Death of the trustor/grantor
- Another triggering event, such as graduation, admission to college, marriage or attainment of a certain age of a beneficiary of the living trust
A living trust makes provision for successor trustees to administer assets when the trustor lacks capacity, as well as for the trustee who will assume fiduciary control of property after the trustor's death.
A living trust may be established as a revocable trust or an irrevocable trust. Talk to one of our North Carolina estate planning lawyers to determine the type of trust that is right for you.
North Carolina Revocable Trust Lawyers
Crawford & Crawford, LLP, Attorneys at Law, was founded with a strong commitment to clients' best interests. We bring in-depth knowledge and legal experience to every client's case. We have consistently demonstrated an ability to provide our clients with individual attention, ensuring that representation is tailored to each client's needs and goals.
