TrustsProtecting Your Family & Legacy
Strategic Trust Attorneys in Madison, WI
We Treat All of Our Clients Like They’re Family
One of the smarter approaches to estate planning is creating trusts to protect your hard-earned assets. There are many types of trusts that you can include in your estate plan, each with several different purposes. If you own real property, have substantial assets, or want to distribute the trust among your heirs in a certain way, then turn to our esteemed legal team at Estate Law Partners, LLC for reliable guidance in Madison & Dane County.
We have a network of seasoned attorneys who can help determine the trust that will be most beneficial to you. Our Madison trust attorneys at Estate Law Partners, LLC possess extensive experience in this practice area and can provide honest advice on the current trust laws in Wisconsin.
Our team stands ready to guide you through the proper legal avenues of trust creation, including the common pitfalls clients usually fall into to ensure a solid, sensible, and legally-binding trust for you and your beneficiaries.
To learn more about how a trust can be beneficial to you and your family, don’t hesitate to call our firm at (608) 292-5185.
In definition, a trust is where a grantor can place their asset with special instructions on how they want it transferred to their beneficiaries. The execution of a trust is given to a trustee or a third party, who is also responsible for managing and distributing the assets.
Advantages of creating a trust include:
- Allows your beneficiaries to skip the probate process
- Helpful in disability planning or in the event that you become disabled or incapacitated
- Trust executions are private and cannot be made public
“Matt did a great job explaining and helping us navigate the process of creating a will and trust.”- Allison
“Very nice and understanding and helped us through the process to set up our wills and trust.”- Erik
“Matt Suing is a great attorney...”- Michael
“From the support staff to the attorneys, everyone has been responsive and attentive.”- Richard
“[Matt] was very engaging and rephrased any questions we didn't understand.”- Steven
At Estate Law Partners, LLC, we know that every person has a unique situation and goals when it comes to dealing with their assets and finances. When you come to our trust lawyers in Madison for your estate plan, you can be sure that we work with you closely to determine which type of trust is best suits your lifestyles and objectives.
The most common types of trusts we help clients set up include:
- Revocable Trusts/Living Trust: A trust that can be modified or even revoked entirely. Assets that were transferred to a trust before your passing cannot be subject to probate.
- Irrevocable Trust: Once an irrevocable trust is created, no one, not even the grantor, can make changes or take the property out of the trust.
- Asset Protection Trust: A type of trust that is designed to protect the grantor’s assets from future creditors.
- Charitable Trust: This type of trust benefits a particular charity, organization, or the public in general and can help lower or even avoid estate and gift tax.
- Special Needs Trust: This type of trust is especially helpful for parents or individuals with dependents who have special needs. It allows the beneficiary to continue receiving government benefits even after the grantor has passed.
- Pet Trusts: A pet trust in Wisconsin allows individuals to set aside funds and provide detailed instructions for the care of their beloved pets in the event of their disability or death. These trusts ensure that pets are well-cared for by a designated caregiver and provide financial support for their needs, including food, medical care, and living arrangements.
- Dynasty Trusts: In Wisconsin, dynasty trusts are estate planning tools for multi-generational wealth. They reduce estate taxes and provide lasting financial security, uniquely designed to benefit beneficiaries across generations.
Contact Our Madison Trust Lawyers
Estate Law Partners, LLC is prepared to utilize our decades of experience in trust creation and estate planning on your behalf. We are well-versed in the current state and federal laws that can affect your assets in the future.
Let us help you determine if creating a trust is the most beneficial estate planning approach for you.