SECURE YOUR FUTURE WITH PRUDENT EQUITY LAW'S LIVING TRUST SERVICES
Get peace of mind knowing that your assets are protected.
SECURE YOUR FUTURE WITH PRUDENT EQUITY LAW'S LIVING TRUST SERVICES
Get peace of mind knowing that your assets are protected.
Welcome to Prudent Equity Law
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What is a Trust
Why would I want a Trust
Why would I want a Trust
Trusts are commonly used for estate planning, wealth management, and asset protection purposes. They can be set up during the trustor's lifetime (living trust) or established through a will (testamentary trust) and can have various purposes, such as providing for the financial needs of family members, supporting charitable causes, or man
Trusts are commonly used for estate planning, wealth management, and asset protection purposes. They can be set up during the trustor's lifetime (living trust) or established through a will (testamentary trust) and can have various purposes, such as providing for the financial needs of family members, supporting charitable causes, or managing assets for minor children. Trusts offer flexibility, privacy, and control over how assets are distributed and managed, making them a popular tool in financial and estate planning.
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Why would I want a Trust
Why would I want a Trust
Why would I want a Trust
The primary function of an asset trust is to manage assets on behalf of the beneficiaries. The trustee has a fiduciary duty to administer the trust according to its terms and in the best interests of the beneficiaries. Depending on the type of trust and its provisions, an asset trust can provide a level of protection for the trust assets
The primary function of an asset trust is to manage assets on behalf of the beneficiaries. The trustee has a fiduciary duty to administer the trust according to its terms and in the best interests of the beneficiaries. Depending on the type of trust and its provisions, an asset trust can provide a level of protection for the trust assets against creditors, lawsuits, and other potential claims. Assets held in certain types of trusts may be shielded from the grantor's creditors.
The Benefits of a Trust
Why would I want a Trust
The Benefits of a Trust
Asset trusts are commonly used as estate planning tools to facilitate the transfer of assets to beneficiaries upon the grantor's death. Trusts can specify how assets are to be distributed, when distributions should occur, and under what conditions.
Unlike wills, which become public record during probate, trusts offer a level of privacy be
Asset trusts are commonly used as estate planning tools to facilitate the transfer of assets to beneficiaries upon the grantor's death. Trusts can specify how assets are to be distributed, when distributions should occur, and under what conditions.
Unlike wills, which become public record during probate, trusts offer a level of privacy because their terms and distribution of assets typically remain private. Certain types of trusts, such as irrevocable life insurance trusts (ILITs) or generation-skipping trusts (GSTs), can be used for tax planning purposes to minimize estate taxes, gift taxes, or generation-skipping transfer taxes.
Asset trusts can be structured to provide for individuals with special needs without jeopardizing their eligibility for government benefits such as Medicaid or Supplemental Security Income (SSI). Trusts can be established to support charitable causes, allowing grantors to donate assets to designated charities or foundations while potentially receiving tax benefits.
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Prudent Equity Law
