Trusts
Wills navigate how some of your assets move like traffic across a bridge. Trusts determine how other assets are protected and distributed along the journey. If wills are the foundation, then trusts are the enforcers holding the bridge together.If you are thinking about building an estate plan or revisiting your current one, then the Wills & Trusts Team at Inherent Law Group can help architect your trusts from concept to completion with flexibility, adaptability and security.
What are Trusts?
Trusts are an essential part of estate management structures that protect, hold and allocate certain assets for designated people. More explicitly, trusts contain assets temporarily, persistently or permanently for the benefit of the people you determine, under the terms you decide and by the principles you define. Well-designed trusts perform these functions:
Trusts are not mere containers but meticulously engineered legal systems derived from analyzing these factors:
Your risk exposures
Your long-range goals
Your family dynamics
Your business interests
Your financial complexities
Your generational objectives
Every trust is custom-built to always include asset stability, high privacy and fewer stress points for your family. Lastly, using a combination of old-fashioned methodologies and advanced technologies, we ensure the right people have the right documents at the right time.
Trust Types
Most estate plans incorporate one or more of the following trust types.
Trust Type | Use Case |
Revocable Living Trust | Primary asset management |
Irrevocable Trust | Long-term asset protection |
Family Trust | Spousal and family support |
Children’s Trust | Minor inheritance management |
Testamentary Trust | Post-death trust creation |
Special Needs Trust | Benefit-preserving support |
Spendthrift Trust | Creditor protection |
Asset Protection Trust | Lawsuit risk mitigation |
Charitable Trust | Philanthropic legacy |
Bypass/Credit Shelter Trust | Tax planning strategy |
Generation-Skipping Trust | Multigenerational planning |
Business Trust | Business continuity |
Qualified Personal Residence Trust | Real estate preservation |
Life Insurance Trust | Insurance asset control |
Educational Trust | Education funding |
Pet Trust | Animal care planning |
Digital Asset Trust | Digital wealth management |
How Trusts Operate
Modern estate plans coordinate wills and trusts. However, they are different. A will primarily becomes effective at death whereas a trust can operate within these timeframes:
☑ during life
☑ while incapacitated
☑ after death
☑ throughout generations
Inherent Law Group Engineering
Just as bridges are designed to withstand the elements, traffic and time, your generations will face change, adversity and transition. As such, our purpose-built trusts withstand eventuality. Our attorneys will work with you to strategize, plan and maintain an estate plan that protects your tomorrow and generations beyond.
Trust Us with Your Trusts
- Plan intentionally.
- Build purposefully.
- Manage wisely.
- Protect Legacy.
- Book Today.