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Trusts ... What you need to know
Kearse & Associates, P.C. represent clients throughout the Atlanta and North Georgia areas in all matters related to their Estate Planning needs. Using the most current legal solutions, we will protect your Estate in order to insure your that goals for your beneficiaries are met.
An important piece of your estate-planning puzzle can be the efficient structuring of a Trust. At Kearse & Associates, P.C., we can suggest and explain solutions that may not be obvious, but under current laws could provide a greater benefit for your beneficiaries given your unique financial circumstances.
Let Kearse & Associates, P.C. help you with a well-designed Estate Plan for the special needs of a loved one. Get the peace of mind that comes with knowing that if the unexpected happens, the care for your most vulnerable family members is assured.
Trusts...an important solution to consider with your Estate Plan
You can trust the professional advice you will receive at Kearse & Associates to help guide your decisions on how best to provide for your loved ones after you're gone. Below are just a few types of Trusts used in Estate Planning solutions.
An Irrevocable Life Insurance Trust is a vehicle to house a life insurance policy, effectively removing it from your Estate. This is one of the many options we will explore when designing the Estate Plan that will best address your circumstances.
A Revocable Living Trust is a popular way to pass assets to loved ones and protect the privacy of family matters without going through the public probate process. Kearse & Associates, P.C. will clearly explain the ways you may achieve your goals of protecting your beneficiaries and estate.
Planning for the care of loved ones with special needs
A Special Needs Trust permits a parent, grandparent or guardian to provide funds for a disabled child. This often can be done without disrupting the child’s eligibility for government aid. (However, there are instances where problems associated with a Special Needs Trust can cancel any benefits from one.) Let the measured legal advice from Kearse & Associates, P.C. allow you to make the best choice for your situation.
When setting up a Special Needs Trust, here are some important questions to address when setting up a Special Needs Trust:
- Who would be a suitable trustee(s) to manage the Trust's assets and supervise your child's finances?
- What instructions do you wish to provide regarding your child's education, housing and other personal needs?
- Under your Will, who will be the most appropriate guardian for your child?
- In the case of smaller Trusts, are special design features necessary to reduce the cost of administration?
Blended Families and how Trusts can help solve the "Yours, Mine and Ours" dilemma.
How do you ensure that children from a previous marriage, a second spouse, and children you have with your second spouse are all properly provided for after one’s death? Read More about Trusts and how they fit into the Estate Planning solutions available for the increasingly complex modern family.
Currently, Georgia does not have a law allowing Trusts for Animals. When will this change?
In 2008, Georgia has an opportunity to join 38 other states and the District of Columbia that already have laws allowing legal Trusts for Animals. Read all about the latest developments on our News/Events page.
To find out more about Trusts, as well as Wills and Estate Planning, contact Kearse & Associates, P.C.