Cherry Hill Trust Lawyer
Estate Planning Attorney for Trusts in Cherry Hill, New Jersey
Do you need help with the creation of a trust as part of your estate plan in the greater Cherry Hill area? The formation of your trust is a very personal and important matter that requires the professional legal services of an estate planning lawyer who understands this area of law. For a free, initial consultation regarding your trust questions, concerns, and needs, contact the Cherry Hill trust attorney at the Law Offices of Tejal V. Patel without delay. Attorney Tejal V. Patel can address your concerns and provide you with the legal information and counsel you need to complete your trust.
What is a Trust?
A trust is an estate-planning tool that may replace or supplement a will. A trust can also help you in the management of your property while you are still alive. Many types of trusts exist, such as testamentary trusts, living trusts, and charitable trusts. The main benefit of a trust is that it will allow your estate to avoid probate after your death. In a trust, you transfer your property to the trust as a legal entity while you are still alive. The property held in the trust is for the benefit of your beneficiaries. Your trust document will create the rules you want followed for that property. After your death, the trust will continue on according to how you have set up the rules.
In a trust, you as the property owner transfer the legal ownership to a person or institution called the trustee who will then manage your property on behalf of your beneficiaries. A fiduciary relationship is created between you and the trustee, in which the trustee must act in the best interests of the beneficiaries in any matter pertaining to the trust.
If you are interested in learning more about trusts and how setting up a trust can benefit you, it is important to speak with the Cherry Hill trust lawyer at the firm. Let her considerable knowledge regarding trusts, their structure and benefits, be put to work for you and your family.
Need help creating a trust? Contact the Cherry Hill Trust Attorney at the firm to set up your trust today!