Trusts are a flexible estate planning tool able to replace or supplement wills and to help manage property during one’s lifetime. A common part of many estate plans, trusts come in many varieties, each designed for a specific purpose. Considering the assortment of trust functions, Worth Law Group attorneys often utilize trusts to:
Irrevocable Trusts: With an irrevocable trust, you relinquish ownership and control of the property placed in the trust. Once the terms of the trust are in place, you may not change them.
Testamentary Trusts: A testamentary trust is established after your death, through a will.