DC Lawyers Helping With Living Trusts
Are you concerned about the details of your health care and estate as you get older? Would you prefer to provide instructions for your health care and distribution of assets yourself? If your answers are “yes”, the DC lawyers helping with living trusts at Antonoplos & Associates Attorneys at Law are prepared to help. We bring more than 20 years of experience, integrity and credibility to the table when it comes to helping you achieve your estate planning goals.
How to Create a Living Trust
A living trust is created by you while you are still alive. This document provides instructions for your care to your family and friends in the event that you should become incapacitated. Furthermore, it also includes directions for the administration of your estate upon your death, which can help your family avoid the probate process. Finally, it is important to note that under DC law, any estate that is valued at more than $20,000 and is not set up with a trust must go through probate. For each of these reasons, DC lawyers helping with living trusts is vital to the success of your document.
In order to achieve these objectives, you must transfer assets to the trust while you are still alive. Another option is to set up the trust to be the beneficiary of your estate’s assets. Transferring your assets to a living trust has no income tax consequences while you are still alive.
What Type of Trust is Right for you
A living trust can be either revocable or irrevocable. Revocable trusts can be amended or revoked at any time in writing. Irrevocable trusts cannot be amended or revoked. Our attorneys can help you determine which type of trust is most appropriate for you.
You may also create a special needs trust for yourself or a loved one to provide for the costs of health care in the event of incapacitating illness.
Contact Our DC Law Office For More Information
For more information regarding DC lawyers helping with living trusts, contact us at 202-803-5676. You can also directly schedule a consultation with one of our skilled attorneys.