Trust Attorney Atlanta

It is easy to feel overwhelmed when navigating the estate planning process- especially Trust Law. My mission as a Georgia Trust Attorney is to empower our clients by educating them on the strategies and benefits of using Trusts as an Estate Planning tool.  If you would like further information regarding the benefits of Trusts for you or a loved one, contact us at (404) 955-7737 for a free consultation.

What is a Trust?

A Trust is a legal document that allows a Grantor or Settlor (Creator of Trust) to legally gift their lifetime assets to whom they choose after death. 

A Trust works by (1) a Grantor or Settlor funds the trust with assets deposited into the Trust and managed by Trustee(s). (2) Designation of a Trustee to manage the property governed by the rules of the Trust. (3) Designation of Beneficiaries that will receive benefit from the assets deposited into a Trust.

Trusts can be Revocable or Irrevocable in nature.

• A Revocable Trust is the most popular type of Trust which allows the Grantor or Settlor to solely make alterations to the Trust such as add provisions, remove provisions, or even cancel the Trust when the Grantor or Settlor sees fit. A Revocable Trust allows the creator of the Trust to serve as Trustee and manage the Trust.
• An Irrevocable Trust is a Trust agreement that in essence is written in stone. The Trust provisions cannot be changed, nor can the Trust be canceled solely by the Grantor or Settlor. In order to change or revoke provisions of the Trust, the Grantor or Settlor, Trustee, and all Beneficiaries must agree in writing to cancel or change the Trust.

Benefits of a Trust

Using a Trust to secure your estate provides unique benefits for the Grantor or Settlor (Owner of the Trust).

• Avoids probate – This allows assets that are placed in the trust to not go through the long and drawn-out process of probate. Your loved ones will have easy access to the property of the Trust; Thus, saving your loved ones precious time and money!
• Confidentiality – Probating a Will is a public affair. Information regarding the deceased estate, financial information, assets, liability, creditors, or even disputes within the estate will be available to the general public. Alternatively, the administration of a Trust is private. Thus, providing privacy and confidentiality to all involved with the Trust.
• Trusts may provide tax benefits.
• You can create conditions for the distribution of gifts such as, “I would like to give $10,000 to all my grandchildren” or “I would like to give $10,000 to all my grandchildren who graduate college.”
• Even more benefits depending on the type of Trust!

If you would like further information regarding the benefits of Trusts for you or a loved one, contact us at (404) 955-7737 for a free consultation. Experienced trust attorneys servicing Atlanta Metro Area including Cobb, Gwinnett, Dekalb, Henry, Clayton, Rockdale, and Henry Counties throughout Georgia.