 Control distribution of assets – You wouldn’t hand over your car keys to a child who has not had proper preparation driving, and chances are you would not want to hand over all your assets to a teenager either. But if both parents die at the same time, or while their children are still minors, the children would inherit all the assets upon their 18th birthdays. A trust allows you to specify how and when you want your children to inherit.
Protect assets from creditors – Placing an inheritance in a trust ensures that those assets are protected from your heir’s, or their spouse’s, creditors. A properly drafted trust can protect all your assets throughout your beneficiary’s lifetime from divorce, liability, lawsuits, and other judgments. Protect inheritance from spendthrift heirs – Not everyone is good with money. If your heirs fall into that category, you can use a trust to ensure the assets are not frittered away due to spendthrift behavior. Provide for children of prior marriage or relationship – You can use a trust to both provide for your current spouse and any children from a previous relationship. By doing so, you can prevent pain, confusion, and arguing, which may exist in blended family situations. Provide for a special needs heir – Leaving assets outright to an heir with special needs could disqualify them from receiving important government benefits. Leaving those assets in trust bypasses this potential risk. Avoid probate – Assets can pass to heirs without going through probate by using a trust, saving beneficiaries the time and expense of the probate process. Probate is an expensive, public, and unnecessary court process you can keep your family from having to deal with. Protect privacy – Once a will is entered into probate, it becomes public record, and anyone may access information on what someone inherited. A trust, on the other hand, is a private document that protects your family’s privacy. If you need to arrange a consultation with an estate planning attorney,contact Adkins Law or call (704) 274-5677.
4 Comments
Sara Gunter
3/29/2019 03:19:07 pm
Great information about Trusts, didn't know all of these details so this is definitely a helpful article.
Susan Christian
6/9/2022 02:12:57 pm
Hello to everyone out here, I am here to share the unexpected miracle that happened to me … My name is Susan Christian , I live in London, UK. we got married for more than 9 years and have gotten two kids. thing were going well with us and we are always happy. until one day my husband started to behave in a way i could not understand, i was very confused by the way he treat me and the kids. later that month he did not come home again and he called me that he want a divorce, i asked him what have i done wrong to deserve this from him, all he was saying is that he want a divorce that he hate me and do not want to see me again in his life, i was mad and also frustrated do not know what to do, i was sick for more than 2 weeks because of the divorce. i love him so much he was everything to me without him my life is incomplete. i told my sister and she told me to contact a spell caster, i never believe in all this spell casting of a thing. i just want to try if something will come out of it. i contacted Dr Emu for the return of my husband to me, they told me that my husband have been taken by another woman, that she cast a spell on him that is why he hate me and also want us to divorce. then they told me that they have to cast a spell on him that will make him return to me and the kids, they casted the spell and after 24 hours my husband called me and he told me that i should forgive him, he started to apologize on phone and said that he still live me that he did not know what happen to him that he left me. it was the spell that he Dr Emu casted on him that make him come back to me today, me and my family are now happy again today. thank you Dr Emu for what you have done for me i would have been nothing today if not for your great spell. i want you my friends who are passing through all this kind of love problem of getting back their husband, wife , or ex boyfriend and girlfriend to contact Dr Emu ,if you need his help you can contact him through his private mail: [email protected] or you can contact him through his website https://emutemple.wordpress.com/ fb page Https://web.facebook.com/Emu-Temple-104891335203341 and you will see that your problem will be solved without any delay.
Peggy Rothchild
5/29/2023 06:56:17 pm
SAVE YOUR RELATIONSHIP ONLINE WITH A TRUSTED AND RELIABLE SPELL CASTER. Email: [email protected]
Paul Cullen
5/15/2024 12:47:00 pm
Thank you LORD KRISH for manifesting my work within 24 hours as you promised. I have come online to say that I am happy to have met Lord Krish who help me in getting back my ex wife who left me for a wealthy man because she wants to have expensive things. I met Lord Krish and he helped me with a love spell and she returned to me within 24 hours of contacting Lord Krish. After 5 months of struggling with emotional heart break, I am finally happy to have my love back in my life. I never believed love spells are very true until I met Lord Krish and it was also through same testimonies. I promised Lord Krish I would share his name on the internet to bring people to him. Contact Lord Krish to see his manifestation in your marriage at his EMAIL: [email protected] Leave a Reply. |
Lake Norman Location
9620 Sherrill Estates Road
Huntersville, North Carolina 28078
(704) 274-5677 main
(704) 231-5762 text
(877) 208-7577 fax
9620 Sherrill Estates Road
Huntersville, North Carolina 28078
(704) 274-5677 main
(704) 231-5762 text
(877) 208-7577 fax