Wills and trusts are means by which people, while still living, plan ahead to have a lasting influence on how their assets are used after death. A will can include instructions regarding guardianship of children, burial preferences and other information besides allocation of money and property.
Types of Trusts
A trust, on the other hand, can allow the person who establishes it (also called a grantor, donor or settlor) to set aside money and other property while still alive, to be used for specific purposes before or after death — or both. Through trusts, husbands and wives are able to transfer property without the need to go through probate, out of reach of death or inheritance taxation. Parents can establish special needs trusts for disabled adult children. Grandparents can set up educational trusts designed to pay for college tuition for their grandchildren.
To learn how you can prepare to essentially manage people and assets "from the grave," or in other words, after you have passed away, talk to a Raleigh trust attorney. Learn about how trusts can shield assets from taxation, from in-laws and from creditors. Discuss your charitable giving goals that can be made reality through trusts. Contact us at Crawford & Crawford, LLP, Attorneys at Law, for information and counsel about the power of living trusts.
North Carolina Special Needs Trust Lawyers
Our law firm is a valuable resource for trustees charged with the administration of trusts. Our Raleigh trust attorneys are prepared to help you select and personalize the trusts that will fulfill your goals as closely as possible:
- Revocable trusts
- Irrevocable trusts
- Special needs trusts
- Charitable trust
- Life insurance trusts
- Healthcare trusts
- Testamentary trusts
- Generation skipping trusts
- Trusts designed to care for your cat, dog or horse after death
North Carolina Will and Trust Attorneys
Our estate planning lawyers provide skilled counsel regarding any aspect of the estate management and asset protection process. We handle probate thoroughly and efficiently. Our trial attorneys are prepared to represent clients in will contests. You can rest assured that we will uphold your best interests through our legal counsel and representation. Contact us to schedule a consultation regarding your estate-related legal concern.
