Trusts

Trusts

Take control of your assets and secure the financial future of your loved ones with our comprehensive trust services. A trust is a powerful legal arrangement that allows you to transfer assets to a trustee, who will manage them for designated beneficiaries. At Moore Probate & State, our experienced attorneys will guide you through the process of establishing a trust that aligns with your goals. Whether you aim to minimize taxes, protect assets, or maintain privacy, we will customize the trust to suit your needs. By utilizing a trust, you can bypass probate, safeguard your family's privacy, and ensure your instructions are precisely followed. We offer a wide variety of trusts based on your very specific needs, including:

  1. Irrevocable Living Trust: Unlike a revocable trust, an irrevocable trust cannot be altered or revoked once it is established. It is commonly used for estate planning, asset protection, or tax planning purposes.
  2. Testamentary Trust: This trust is created through a person's will and takes effect after their death. It allows the grantor to dictate how their assets should be managed and distributed to beneficiaries.
  3. Special Needs Trust: This trust is designed to benefit individuals with special needs while preserving their eligibility for government assistance programs. It provides for their supplemental needs without disqualifying them from receiving benefits like Medicaid or Supplemental Security Income (SSI).
  4. Charitable Trust: This type of trust is established for charitable purposes. It allows the grantor to donate assets or property to a charitable organization or cause, while providing potential tax benefits.
  5. Spendthrift Trust: A spendthrift trust is created to protect the assets of a beneficiary from their own creditors or from being spent irresponsibly. The trust places restrictions on the beneficiary's access to the trust assets.
  6. Educational Trust: This trust is specifically designed to provide funds for educational expenses, such as tuition, books, and other educational costs. It ensures that the designated beneficiary receives financial support for their education.


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