There are several ways to structure a trust that may be beneficial to you.

Revocable Living Trusts can provide many benefits. They can be used to avoid the cost, delay, and public nature of the probate process for distributing assets. They are especially useful if you own real estate in more than one state, or if you own a business that would need to be managed and/or sold without interruption if something happened to you.

Irrevocable Trusts can provide greater asset protection, and can have some tax benefits. However, you do not have control over your assets like you do in a Revocable Living Trust. Instead, your Trustee has control. There can be various reasons to create such a trust. Do not hesitate to let us know if you have any questions.

Hill Innovative Law provides the following services:

• Revocable Living Trusts

• Irrevocable Trusts

• Asset Protection Trusts

• Amendments to Trusts