Trusts

A trust is an effective tool for a myriad of different purposes.

Trusts may assist with:

•  Providing financial resources for the healthcare or support of a family member
• Assisting spendthrift children
• Assisting loved ones with addictive issues
• Creating incentive for loved one to meet their goals
• Providing educational resources for a child or grandchild
• Providing support for a cherished cause
• Providing support for an animal in the form of an animal trust
• Providing income for an heir
• Providing a pool of assets for a family member which will not prevent their eligibility for many public benefits including Social Security, Mass Health, Medicaid, and food stamps
• Creating a personal legacy in any of a limitless number of ways to meet your personal needs and goals
• Protect assets for when planning for Medicaid

 

At Blake Law, our attorneys work with financial planners, tax experts and accountants when designing and implementing trusts for our clients. Since it's important that all elements of an estate plan work together, our attorneys can review and audit your will, durable power of attorney, healthcare directive or business continuity plan to ensure they complement and work in conjunction with a trust. We explain pros and cons associated with a private or corporate trustee, including terms that require transparency, financial accountability and reporting mechanisms to ensure fiduciary responsibility.
If you are interested in establishing a trust or would like more information on different kinds of trusts, contact Blake Law today to schedule an appointment and discuss your case.

Considering Which Kind of Trust Works Best for You