St. George, UT Trusts Lawyers

Book A Free Consultation

When it comes to planning your estate and safeguarding your assets while ensuring a seamless transfer of wealth, trusts play a crucial role. By establishing a trust, you have the ability to shield your assets from probate, reduce estate taxes, and maintain control over how your wealth is distributed. Trusts offer flexibility and privacy, enabling you to specify the timing and manner in which your assets are allocated to beneficiaries.

Whether you seek to safeguard your family’s financial future or preserve your legacy for future generations, trusts can provide the peace of mind and security you desire. If the idea of establishing a trust sounds like something you would like to learn more about, give our St. George trusts lawyers a call today to schedule a free consultation.

St. George, UT Trusts Lawyers

How Trusts Can Protect Your Legacy 

Trusts are legal arrangements that allow you to place your assets under the management of a trustee, who will then distribute those assets according to your wishes. One of the main benefits of setting up trusts is that you can simplify how your estate is inherited while minimizing inheritance tax. A trust will ensure that your assets are distributed effectively and according to your wishes.

Our St. George trusts lawyers are skilled at helping people and families with estate planning issues using trusts. We are familiar with the rules and regulations governing trusts and can provide valuable support along the way. Regardless of the type of trust you want to establish, we will assist you in creating the necessary legal documents and ensure your intentions are correctly recorded.

With a trust, you can protect your assets and pay less in taxes and avoid probate. This is especially helpful if you have substantial wealth or want to protect your estate for future generations. Putting your assets in a trust protects them from creditors, lawsuits, and other people who want to take your money.

Types Of Trusts

For estate planning and asset protection, it’s important to know the different types of trusts, and their advantages.

  • Revocable living trusts are a common type of trust. They give you control over your assets, but also give you the freedom to change things any time. A revocable living trust can also help you avoid probate. Your assets can be passed on to your beneficiaries upon your death without court intervention.
  • An irrevocable trust is a different kind of trust that, once established, cannot be altered or revoked. Like a revocable trust, though, this type of trust protects your assets if creditors try to sue you or if you are sued. Setting up an irrevocable trust can also help lower your estate tax. If you put assets in this trust, they will not be counted as part of your estate, so you will not have to pay taxes on them.
  • Special needs trusts are set up for individuals with disabilities or special needs. They allow you to hold assets in a way that won’t cause a beneficiary to lose eligibility for government benefits. With a special needs trust, you can provide your beneficiary with financial support for items not covered by government programs and let them continue to use these programs to help with their day-to-day care.

While all trusts are either revocable or irrevocable, they can be tailored to meet a variety of goals. So whatever your situation, there is a type of trust that can help you achieve your objectives. To learn more about what type of trust might be right for you, call our St. George trusts lawyers today to explore your options.

Choosing The Right Trustee: Responsibilities And Considerations

Choosing the right trustee is a critical decision that should not be taken lightly. The trustee manages and distributes assets in accordance with the terms of the trust and the current needs of the beneficiaries. Key responsibilities of the trustee include:

  • the management and administration of the trust
  • including investment decisions
  • maintenance of records, and
  • distribution of property

To perform their duties, the trustee must have integrity, honesty and a strong sense of ethics. In addition, they need to be able to communicate clearly, have some experience, know the laws that govern trusts, and be good at handling complicated financial tasks. There is no one-size-fits-all approach to picking a trustee. You should give this decision a lot of thought, thinking about the needs, dynamics, and nature of the trust, as well as the beneficiaries and the potential trustee’s skills, experience, and qualifications.

Count On ProvenLaw For Personalized Trust Planning 

If you are looking for legal assistance that respects your family and goals while giving you the individual attention that you need, contact the offices of ProvenLaw. Our St. George trusts lawyers will work with you to create a customized trust tailored to your needs to help you manage your estate and secure the future of your loved ones. Our dedicated team at ProvenLaw is here to help you accomplish your estate planning goals and bring peace of mind to your life. Give us a call today and ask for a free consultation and more information about how we can assist you.

Book A Free Consultation

Communicating with our firm through this form does not establish an attorney-client relationship. Please avoid sending confidential or time-sensitive information through this form.

By submitting this form, you consent to receive emails, phone calls which may be recorded, and text messages. Consent is not a condition of purchase. Msg and & data rates may apply. Message frequency varies. Unsubscribe at any time by replying STOP or clicking the unsubscribe button link (where available).

St. George, UT Practice Areas

Tom and his staff were very helpful and patient in explaining everything to me because I had no idea what I was needing or doing. Very timely and extremely helpful. I have already recommended them to friends who knew I was going through the process.

Shawn J.

Tom and his staff were very helpful and patient in explaining everything to me because I had no idea what I was needing or doing. Very timely and extremely helpful. I have already recommended them to friends who knew I was going through the process.

Shawn J.

Proven Law

Why Choose Us?

Free 30 Minute Consultations

Voted Best Of Southern Utah For 4 Years In A Row

150+ 5 Star Google Reviews

95+ Years Of Combined Experience On Our Team

We Only Focus On Estate, Trust, And Tax Matters

Call us

(435) 688-9231