Both are created to hold assets for a individual or class or beneficiaries for a variety of reasons – most likely to protect assets from waste and delay gratification for minor or immature beneficiaries. A Testamentary Trust is one that is created at death through your will. It is a direction to the Executor to create a trust if certain conditions are satisfied or not satisfied. For instance, if the intended beneficiary is under a certain age, a direction in the will may create a trust to hold the beneficiary's share until they reach that certain age. If the beneficiary is already that age or older, the trust would not be created.
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- Elder Law
- Estate Administration
- Estate Planning
- Guardianship
- Medicaid Planning
- Power of Attorney
- Probate
- Special Needs Planning
- Trusts
- Wills
Sentiment Analysis
We especially appreciated the flexible, collaborative process for reviewing drafts; it was enormously helpful to read the docs at our leisure and get answers to all our questions.
Not only are they great attorneys, but they truly care about their clients needs and goals.
The entire process of creating a will went smoothly and effortlessly.
Every person I interacted with took the time to answer my questions, provide clear responses, and had quick follow up.
We are very happy with the thoroughness, professionalism & insight that Cary Estate Planning provided.
Set up an estate trust in case of the unfortunate but inevitable and everything went smoothly.
Paul Yokabitus was very helpful with expert advice for us on our estate planning and the rest of the Cary Estate Planning team were very efficient, professional, and gracious in guiding us through the process.
Professional, courteous, helpful group.
I interviewed numerous Estate Planning attorneys from F Lorida to NC, Paul was the only one who could handle the complexity of my Trust.
My wife and I just completed our estate planning and associated documents at Cary Estate Planning.
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