People create trusts for many reasons, including to avoid estate tax and to avoid the costs of nursing home care by ensuring they can qualify for Medicaid. People also create trusts in order to avoid the probate process, to provide broader asset protection, and to make certain that beneficiaries or heirs do not squander the money which has been left to them.
When you believe that a trust could help as part of your estate planning process, you can contact The Law Offices of James A. Miller to find out about how a Worcester trust administration lawyer can assist you. We can help you to do many important things, including creating a legally valid trust and choosing a trustee.
After a trust creator has passed away, we also provide help to the trust administrator in fulfilling trust obligations.
Both those who are creating a trust, as well as those who have been designated as a trustee, need to understand the trust administration process. In particular, you need to know who is in charge of the trust administration process and what the process will entail. Call today to find out more.