Plan for Incapacity
One of the major concerns today is not about dying but about living too long. Without doing some prior planning, loved ones may have to file an application with the court for a conservatorship to handle your financial affairs in the event you become incapacitated. A revocable living trust allows for the better management of your property by those you trust.
Provide for Minor Children
- Identify guardians who will care for your children.
- A well drafted trust can protect your assets to ensure that they are not subject to the claims of any creditors. Additionally, restrictions and incentives can be provided for your children to foster an independent and productive life.