Trusts

A trust is a legal arrangement in which an individual, the trustee, holds legal title for the benefit of the beneficiaries, or the people who benefit from the assets held in the trust. There are many advantages to having a trust, including the ability to deal with assets outside of probate court. Whenever someone dies with a will, his or her will must go through the probate court, which can be costly and take a long period of time. With a trust, your assets can be distributed outside of court, which is much typically a faster process.

Once the trust is created, and the trustee and beneficiaries have been designated, the person who has created the trust has the ability to transfer property and asset ownership to the trust, so that upon his or her death all real property and possessions can be distributed accordingly.

Here at Rech Law, P.C., we are happy to create a trust for the benefit of your estate.