Many people think that a trust is just an allowance for wealthy people, but in truth, one or more trusts can be a valuable part of your estate plan. Trusts hold and manage assets for the financial benefit of the beneficiary. They can help fund a child’s education, keep a family house in the family, and preserve your assets in retirement. Our Camas, WA trust lawyer can explain how a trust can work for your needs and incorporate strategic trusts into your estate plan so you can start building generational wealth. Call NW Legacy Law today for a consultation.
Trust Lawyer Camas, WA
A trust is a legal entity established by a grantor or settlor that holds and manages assets for the benefit of the trust beneficiary. It is administered by a trustee, who has a fiduciary duty to act in the best interests of the trust and its beneficiaries. Trusts can be revocable, which means that the grantor still exercises control over the assets and, in some situations, can still be considered to legally own them. Or, they can be irrevocable, unable to be changed, and completely out of the grantor’s control. Each type of trust has benefits and drawbacks, and our Camas trust lawyer can explain how each type can help you achieve your financial goals.
You can put just about anything into a trust, including real estate, such as a family house, and investment accounts. The trustee manages the trust, acting in accordance with its terms and the applicable state laws.
A trust can be an integral part of your estate plan, preserving assets for your heirs by bypassing the probate process, so they can immediately benefit from the assets after you pass away. A trust can also benefit you in retirement, giving you a steady stream of income and protecting your assets in the event you become unable to manage them. Our firm drafts trusts according to your wishes and can act as a trustee on your behalf if you cannot do it yourself or if you have no one in your life to take on that responsibility. We’re here to serve your needs and advocate for your financial interests.
Legal Experience Is Important For Drafting And Administering Trusts
For your trust to be effective, it must comply with the Washington Estates Code. We ensure that your trusts are sound and drafted to enhance the lives of your beneficiaries. Our Camas trust lawyer gets to know you, so we understand what you want the trust to accomplish, then provides you with legal options and guidance so you can make the right informed decisions for your assets.
- Our firm has a 5-star rating on Google for our dedication to client satisfaction
- 10.0 rating on AVVO—a perfect score—as rated by our peers for our estate planning skills and expertise
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- Voted Best Business 10 years in a row in the Vancouver, Washington Business Journal
The attorneys at NW Legacy Law have decades of combined experience, and we’re putting that to work for you. Call us today for a consultation about your trusts.
