Living Trusts

A living trust is an alternative to a Will.  As long as you are alive you can amend or revoke your trust.  Reasons for revocable trusts vary from probate avoidance, to protecting children from a first marriage, to setting forth parameters that heirs must meet before they can receive an inheritance, to ensuring the future for your minor children.  Living Trusts can be invaluable tools in elder law planning.  As diseases like Alzheimer’s and dementia continue to rise the Living Trust allows for the effortless transfer of asset management to the next generation.