Trusts And Estates

Trusts And Estates

Black's Law Dictionary Definition

A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust's corpus assets and income for the economic benefit of all of the beneficiaries.

See also: Wills and Probate, Estate Planning

Trusts

A trust is similar to a will. Trusts are usually quicker to take place than wills do. A trust is where a third party or a trustee, has the right to take over an entity during a time of confusion or incapacity. David Whipple can help you plan your trust and make sure you have the correct trustee.

Estate Planning

Estate planning involves figuring out all the details of how to control your possessions after your life. It can usually take place through a will. Or it can be done through a trust. Whatever you choose, David Whipple can help you. We have practiced law for over 30 years and have been able to help many people through their estate planning. You work very hard to make sure your family is taken care, let The Whipple Law Firm help you take care of your family in case you pass away.

Some of the steps taken in estate planning are:

  1. Drawing up a will
  2. Setting up trusts
  3. Gifting property
  4. Beneficiaries
  5. Guardianships

Contact Us

Let David Whipple help you with your estate planning. This is a very important part of life, The Whipple Law Firm can help you with it. Call us today for a free 30-minute consultation. Feel free to stop by and visit us as well. Your situation is important, let someone who cares help you.

The material provided is intended for informational purpose only. It is not to be considered legal advice and not to be construed as legal representation.