Delaware Trust Attorneys
Trusts are important estate planning tools that can be used to hold property for a beneficiary to be distributed at a later time. There can be a number of advantages to using trusts as part of a larger estate plan, including tax benefits and maintaining privacy for yourself and your beneficiaries. To learn more about how trusts work and whether they might be a good fit for your needs, speak with one of the trust lawyers at Tunnell & Raysor, P.A.
There are enduring misconceptions that trusts are helpful only for extremely large and complex estates. The truth is that trusts can be used to distribute any type of property, regardless of value, including cash, securities, business interests and real property. Before we make any recommendations regarding an estate planning solution, we first take the time to fully understand all of our clients’ goals and advise them regarding the viability of using trusts.
Creating Customized Trusts For Sussex County Clients
When you create a trust, you place specific assets under the care of a third party (the trustee) with specific instructions regarding how they should be managed until the date of distribution to your beneficiary. You choose when the assets will be distributed, whether it is a particular date or an event such as college graduation or marriage. Depending on how you set up the trust, you can choose to use or maintain control over the assets until your death.
There are many types of trusts that can help you reach your goals, including:
- Revocable trusts
- Irrevocable trusts
- Charitable trusts
- Special-needs trusts
- Education trusts
- Insurance trusts
- Spendthrift trusts
- Asset protection trusts
- Miller trusts
Contact Tunnell & Raysor, P.A., About Your Trust Questions
Contact one of our Delaware offices in Georgetown, Lewes, Rehoboth Beach, Bethany Beach or Milford to schedule an initial consultation with an attorney about your questions regarding trusts. You can reach us by phone at 302-396-9645 or toll free at 800-541-5443, or via email.
Meet the attorneys who represent our trust preparation clients: