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Utah Trust Attorney
Utah Trust Attorneys with Ascent Law can help you setup a revocable or irrevocable trust to meet your needs and objectives. Trusts are legal instruments that can hold and manage property. Instead of owning property in your personal name, you transfer owners to a trustee in trust. The trustee (which may be the same person who creates the trust) then manages the property according to the terms of the trust.
Trusts are incredibly powerful because they can provide asset protection, avoid probate, reduce or eliminate estate taxes, make your assets more transparent from creditor searches, and allow for significant control over the management of the property–even after death. While Trusts can be an effective asset protection tool, not all trusts offer asset protection.
There are different types of trusts. Revocable trusts are amendable and can be revoked or eliminated. Irrevocable trusts can potentially be amended, but they can’t be revoked. The right type of trust depends on a myriad factors, goals and circumstances. Common trusts include:
Our experienced Utah trust attorneys can counsel with you about your objectives and circumstances to tailor the right estate planning vehicles for your situation. We will help you ensure that your assets are distributed, and your wishes are followed in a controlled way.
No matter what type of estate planning issue you face, attorneys at Ascent Law are here to help you through it.