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Coffee with Claire #10 – Commonly Asked Questions Blog Series

March 7, 2018

Do I need a Trust?

Writer’s note: This blog series is meant to act as responses to “quick” questions you may have for attorneys.  Think of these answers as a “quick” answer you might receive over coffee from your friendly neighborhood attorney.

For information about testamentary trusts, please click HERE.

The “quick” answer here is also you need to talk with an attorney.  There are several things to consider as to whether a trust is appropriate for you.  For some people it would be malpractice for me not to insist they have a trust.  For others it really isn’t necessary; and for some others they fall somewhere in the middle.

Factors to consider when determining whether a trust is right for you include, but are not limited to:

• Whether you’re single or married;


• Whether you have children, and what their needs are;


• Whether you own real estate and where that real estate is located;


• Whether you have a taxable estate; and


• What your other assets are (i.e. life insurance, investments, retirement, ect…).

If you’re wondering whether you may need a Trust, please contact Claire Tralle to set up a free initial telephone call.

 

The information in the Coffee with Claire series are intended to provide information only.  No legal advice is being provided or implied via this blog post.  No attorney-client relationship is formed by providing this information.  An attorney-client relationship with Tralle Law, LLC is formed only after a retainer contact is signed by all parties.