Best Estate Planning Attorneys in Smyrna, GA

It's time to utilize every strategy to save money! Setting up a Trust helps you build generational wealth! 1) With a will your assets go through the probate process (takes 6-9 months, expenses must be paid during this time, and all info on the property becomes public). With a trust, probate is avoided, saving family members money & time and info remains private. 2) Trusts may provide tax savings. With an irrevocable trust the trust maker must step aside after they create it. They can’t act as a trustee (administrator) or maintain any control over the assets. They must appoint a third party to act as the trustee. They give up ownership of the property funded into it, so these assets aren't included in the estate for estate tax purposes when the trust maker dies. 3) Trusts enable you to customize your estate plan! This feature allows the trust creator to define the terms of money distribution based on how they want and other pertinent aspects of the heirs. If the heir has money management issues the trust maker can set up the trust so the heir can handle the distribution at a point where conditions are met. 4) Revocable trusts can help the trust maker if he/she is unable to manage assets. The trustee (the trust administrator) can pay bills and taxes, and make distributions on behalf of the grantor (trust maker). 5) Revocable trusts are flexible and can be amended during the grantor's lifetime. Trusts and estate planning are gifts to give loved ones.