Trusts Lawyers in Moorestown Helping You Protect Your Assets
Trusts are useful to protect assets from creditors, spouses, future lawsuits, and other concerns. A trust is a legal entity that holds money or valuables for another party’s benefit. Establishing a trust requires knowledge of the law and taxes and hiring an experienced lawyer who understands the complexities of trust and estate law is important. While you can set up trusts yourself, it will be easier to hire an experienced lawyer who works with trusts. Trust lawyers in Moorestown at Posternock Apell, PC, work with people to set up these documents that help meet their needs. If you need help setting up your own trust, consider reaching out to Posternock Apell, PC. The firm has offices conveniently located around New Jersey, and you can contact them at 856.242-8151.
What is a Trust?
A trust is a legal agreement where the creator of the trust (the grantor) gives money or other assets to another party (who is called a trustee). The trustee manages those assets and must use them for the benefit of one or more persons (called beneficiaries). Trusts are set up to benefit your family in the event something happens to you.
Depending on your needs, you can set up a different type of trust with our trust lawyers in Moorestown. One common use of a trust is to provide financial security for children. If you have children, setting up a trust is a good way to make sure that they are protected in the event something happens to you. Trusts can also be good protection from creditors and unforeseen circumstances.
Why is Having a Trust Important?
Because trusts can protect a person from their creditors, it can also add an extra layer of protection if you get sued. The trust can hold legal title to your property preventing creditors from gaining access to your trust assets.
Trusts are helpful for people who want to leave their assets to young children instead of putting them in a will where they might be exposed to lawsuits and other long-term problems. If you don’t have children or if your children are older, trusts can also protect your grandchildren’s inheritance from being used up by their parents’ debts or other expenses.
Why Should I Hire a Trust Lawyer?
Creating a trust may sound easy, but it’s not. Trusts are sophisticated legal documents, and you need a professional to make sure your assets get distributed exactly how you want them. If you fail to set up a trust correctly or don’t give the trustee direction on what they should do with the money, it can be invalidated by a court. Your attorney will help you decide how you want your assets handled and also draft the document that specifies those terms so everyone knows exactly what to expect if things go wrong. Whether you need help with estate planning, wills, or help with how to manage your assets, Posternock Apell, PC is here for you.
Posternock Apell, PC, has several lawyers who work with people to help them understand what they need and then create the right type of trust.
Is Hiring a Trust Lawyer Worth Your Time?
Trusts are useful tools when set up correctly. That’s why you need help from lawyers who can set up trusts that will benefit your family for years to come. Trust lawyers in Moorestown at the firm of Posternock Apell, PC, work with clients to understand their needs and create documents that meet those requirements. They’ll make sure everything is done right so you don’t have any problems down the road. That’s why you should give our law office a call at 856.242-8151 if you want to set up trusts for your family or other concerns. The firm has offices in Moorestown and Browns Mills to serve clients around these areas.