A Decision Now to Avoid Probate and Delay Later
Looking for a strategy to simplify and expedite the release of your estate to your heirs and beneficiary? Living trusts are an increasingly popular method for estate planning clients to organize a sound and efficient method of distributing wealth and property.
Able to minimize or avoid costly probate, contentious litigation and unnecessary delays, living trusts allow clients to transfer assets and property into the trust so that it can be immediately distributed under the conditions you set.
At the Anchorage law office of Kenneth Kirk, Attorney, our veteran estate planning attorney can review your existing documents and assets to determine if a living trust can help you and your heirs.
Understanding a Living Trust
Like any trust, a living trust is a tool that clients can use to manage the distribution of assets and property. The living trust becomes the owner of the property you wish to distribute later as part of your estate plan, such as:
- Real Estate
- Financial Assets
- Savings Accounts
- Cars
- Personal Property
A good tool in the estate planning toolbox, the goal of a living trust is usually to avoid costly and contentious probate that can be associated with wills. Rather than entering your estate into the probate process, the trust, which owns the property you designate, simply bequeaths your estate to the heirs you designate on your death.
While the trust owns the property you designate, you are still free to use that property as you would if you were listed as the owner. You still retain full control over your property, and it is a simple process to move ownership to and from the trust.
We Help You Create Trusts
Call our office today at 907.279.1659 or contact us online to schedule a free initial consultation to discuss how our lawyer can put more than 20 years of estate planning experience to work for your property and assets.
