When we say the word “trust,” it may conjure up several images in our minds—some good and some bad. Perhaps the first pinky promise we ever made with our best friend, the first time we ever broke a promise to someone or someone did that to us, or maybe even a spoiled rich kid who coasts through life on their good looks and bank accounts that are much too big. No matter what, though, the point is that there are many different things that can come to mind. However, a trust can also be something entirely different.
A trust is something that may be used to store any money or property that we want to pass along to someone else when we pass away.
You might have known that much already, but have you ever considered the following questions:
- What kinds of things can be put into a trust?
- What are the two main types of trusts?
- How many different kinds of trusts are there?
- Do I still own any of the assets I put into the trust?
- Is a revocable trust useful for protecting assets?
- Can a revocable trust avoid the probate process?
- Am I able to take assets out of an irrevocable trust?
- What is the main purpose of a charitable trust?
- What is a special needs trust?
The questions could go on and on, but those are some to get you started. No matter the subject of your questions—be they related to trusts, power of attorney, probate, or any number of other things we cover—we want you to be able to find the answers you are looking for. If your question isn’t covered here, you can always call us or set up an appointment to meet with us. We would be happy to take as much time as is needed to help you.
While Scott Counsel is indeed a law firm, our focus is not simply on the law itself, but also people. It isn’t the law that walks through our doors every day, but people—people who need help and answers they have searched for to the questions that have lingered in the backs of their minds. Elder care and elder law and everything under that umbrella is a lot to handle and too much for anyone to deal with on their own. It can often feel like wandering around in the dark groping for the light switch. We don’t just want to be a light switch at Scott Counsel; we want to be a lighthouse, that illuminates not just one particular section of elder law and elder care, but the entire ocean of it. Doing so can start simply by helping you figure out one thing, like trusts, for example, and that can lead to another and another. Elder care and all the laws associated with them are tough to figure out at times, and we want you to know that you do not have to try and do it on your own.
Give us a call or stop in to see us. You’ll certainly be glad you did.