If your idea of a trust is that it’s just an allowance for wealthy playboys, you’re missing out on a valuable part of a strong estate plan and protection for your assets. A trust legally owns money, property, and other assets, shielding them from creditors and general misuse. Our Bothell, WA trust lawyer can help you determine which trust or trusts will best serve your financial goals, then draft the legal documents on your behalf. We’re here to help you protect your family and everything you’ve worked hard to earn. Call Eastside Estate Planning today for a consultation.
Trust Lawyer Bothell, WA
A trust is a legal entity that holds assets and disperses them, or otherwise uses them, for the benefit of a beneficiary or beneficiaries. A trust may be used to pay for your child’s education, for example, and contain requirements that the money only be spent on tuition, books, and educational needs. Or, a trust can protect a piece of property, like a family home, ensuring that it’s passed down in the family line as you intend, and not sold or otherwise divided as part of an inheritance. Trusts protect you in your old age and after retirement, too, giving you a reliable, steady income.
Our Bothell trust lawyer can explain the different types of trusts, how they can protect you, your family, and your assets, and the benefits of each. Then, our lawyers create the trust in accordance with state laws, so it offers the legal protections you intended.
A trust is overseen and managed by a trustee, or trust administrator. This person follows the instructions of the trust’s grantor and makes decisions on behalf of the trust. Sometimes, this can be you; a revocable living trust allows the grantor to retain control over its assets and their dispersion. Other types of trusts require that the grantor play no role in administering the trust, so they are not legally in control of the assets. This protects the assets in the trust from being seized by creditors, among other benefits. Our attorneys can act as a trust administrator on your behalf, or provide legal advice and guidance for the trustees you appoint. We work on your behalf, helping you accomplish your long-term financial goals and take steps toward building generational wealth.
Our Legal Experience Makes The Difference In All Trust Matters
A trust is effective only when it’s properly constructed and managed. Trust the legal team at Eastside Estate Planning to ensure your trusts are legally sound and effectively benefit the beneficiaries. We also offer trust administration services if you need assistance in that manner.
- Compassionate, client-first guidance for families supporting a loved one with special needs
- Active member in good standing with the Washington Bar Association | Tax Section Member
- Transparent flat-fee options available for your essential estate planning goals
- Respected member of the Cardozo Society of Washington State
- Firm founder Robert Franco holds a Juris Doctor and an advanced tax law degree from the University of Washington School of Law.
Learn more about how a trust can be a valuable part of your estate plan in a consultation with our Bothell trust lawyer.