Man setting up a trust for his family online

Use Trusts to Protect Your Family

There are many reasons to use a Trust. For example, when a Last Will and Testament is paired with the right type of trust, most if not all of your assets can skip probate.

Avoiding probate saves your family a ton of time and can reduce or eliminate taxes and estate settlement fees. However, if your trust is not set up up properly and your assets have not been correctly transferred to it, your good intentions may be in vain.

Couple working on creating their trust

Creating a trust fund for minor children allows you to set rules for the use of your assets. For example, you can dictate that a child can access the funds only after they reach a certain age. Until your child reaches the designated age, the executor or a named trustee could be allowed to use funds in the trust to pay for your children’s health care, education or upbringing. You could also, for example, stipulate that certain funds could only be used for college tuition payments.

Trusts are a great way to safeguard your children by making sure your money is protected and that it’s used to care for your kids according to your wishes. Depending on your family and your life, an attorney can tailor a Trust to meet your specific needs.

Happy couple, working on Estate Planning with LegalSheild

Should you use a Living Trust, Testamentary Trust or a Revocable Trust?

There are a variety of types of trusts and each one provides different benefits. Trusts can help you:

  • Manage Estate Tax
  • Designate Heirs
  • Care for Children with Special Needs
  • Care for Minor Children
  • Give to Charity
Home assets being divided

Without a proper Estate Plan, your assets - that is, your money, your home, anything you own - will be tied up in the probate court system.

Probate can take up to 2 years to resolve an estate, running up legal bills of more than $12,000, on average. Transferring assets to a trust allows them to pass without the hassle of probate. Trusts are a powerful tool to avoid probate and available for estates of any size.

A Legal Plan is the Easy, Affordable Solution

Starting at just $24.95 per month, a Legal Plan from LegalShield gets you access to an entire law firm in your state.

It’s the simple, stress-free way to cross this critical item off your task list.

Couple meeting with an attorney about making a will
  • Advice & Consultation: Have questions? A legal plan lets you speak to an experienced estate planning attorney about an unlimited number of legal issues. If they're not available at the time, your attorney will always call you back in 4 business hours or less.
  • Last Will & Testament: Your attorney will collect information from you, draft a Last Will & Testament for you, and provide consultation about the document. Our attorneys are committed to preparing your Will in 5 business days or less.
  • Power of Attorney: Your attorney can prepare a Power of Attorney and consult with you to ensure your family's health care wishes are protected.
  • Living Will: Your attorney can create an advanced health care directive document for every covered member in your family.
  • Annual Updates: Get an attorney to update your Will every year as your life changes, at no additional charge.
Washington Member
We were very pleased to work with [my provider lawyer] when we recently updated some issues related to estate planning. She was very helpful and knowledgeable. We are pleased with the outcome of our planning and are comfortable knowing our trustees will be handling an organized estate. Thank You.
Estate Planning is Easy with Help from LegalShield
Family Plans Start at Only $24.95 Per Month