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There are many reasons clients opt to protect their assets through the use of trusts. Properties held in a trust can be protected from the claims of creditors (a spendthrift trust), bypass the process of probate, allow for tax avoidance (such as AB or credit shelter trusts), and minimize loss resulting from a divorce contest. Additionally, trusts can also be customized to manage a client’s assets should they become ill or incapacitated. Trusts can be revocable or irrevocable, limited duration or perpetual, and testamentary (created at death) or inter vivos (created during life).
The information on this website is not legal advice and is intended for informational purposes only. You should not act or rely on information on this website without consulting an attorney for legal advice regarding your individual situation. Our firm enters into an attorney-client relationship by written fee agreement or an express verbal fee agreement. An attorney-client relationship is not established by visiting this website or by sending or receiving any information from this site.
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