Tacoma Trusts Lawyer
Helping Clients Secure the Future for Their Families
A trust can help you achieve your estate planning goals. From protecting your assets to minimizing estate taxes and providing for your loved ones, you might be surprised to learn everything a trust can do for you.
McCarthy Law Office, PLLC, offers guidance and legal services to assist people in establishing trusts to safeguard their family's future. With our extensive experience in estate planning and asset protection, you can gain a comprehensive understanding of the trust options available to you. Whether it's a revocable living trust, irrevocable trust, or special needs trust, our attorney works closely with our clients to tailor plans that align with their unique circumstances and goals.
Our trusts lawyer in Tacoma goes beyond the initial setup process, offering ongoing support and guidance to ensure the trust remains aligned with the client's evolving needs. We understand the importance of regular reviews and updates to trusts, especially in light of changing family dynamics, financial situations, or legal regulations. With our meticulous attention to detail and personalized approach, you can feel empowered to secure your family's financial well-being and legacy for generations to come.
Schedule a consultation with McCarthy Law Office, PLLC, by calling (844) 224-5029.
What is a Trust?
A trust, unlike a will, can become effective immediately upon creation. It involves transferring your assets to the legal entity of the trust. In the trust document, you designate a "trustee" who manages and distributes these assets to your beneficiaries per your instructions. Trusts are beneficial as they bypass the probate process, maintaining privacy, saving time, and reducing legal fees.
What are the Different Types of Trusts?
Many types of trusts can be created for different purposes. Examples of trusts can include:
- Revocable Trust: This allows you to maintain control of your assets during your lifetime and make changes as needed.
- Irrevocable Trust: This cannot be altered or revoked once established, providing a solid layer of protection against creditors and lawsuits.
- Charitable Trust: This allows you to give a portion of your assets to a charity you choose while receiving tax benefits.
- Special Needs Trust: This provides for a disabled loved one without jeopardizing their eligibility for government benefits.
- Asset Protection Trust: This trust is designed to protect assets from claims of future creditors. They are frequently established in foreign jurisdictions but may also be set up domestically.
What are the Benefits of Having a Trust?
Trusts are often an essential component of estate planning and can provide numerous benefits to both the trustor and beneficiaries. They offer a degree of control over assets and can provide protection and security for your family's future.
Here are some key benefits of having a trust:
- Asset Protection: Trusts can protect your assets from creditors or legal judgments.
- Avoid Probate: Assets in a trust don't go through probate, which can save time and legal fees.
- Privacy: Unlike a will, a trust is not a public document, keeping your estate matters private.
- Tax Benefits: Certain types of trusts can reduce estate taxes.
- Control Over Distribution: You can specify how, when, and to whom your assets are distributed.
- Protection for Heirs: A trust can protect irresponsible heirs from themselves by providing staggered distributions.
- Special Needs Planning: A trust can ensure that a loved one with special needs continues to receive care without disrupting government benefits.
Establishing a trust can provide you with peace of mind, knowing that your estate will be handled according to your wishes. It's a proactive approach to estate planning, ensuring your loved ones are cared for and your assets are protected.
How Our Trusts Attorney in Tacoma Can Help You
Navigating the intricacies of estate planning requires the expertise of a seasoned professional. At McCarthy Law Office, PLLC, our dedicated team is committed to guiding you through the process and tailoring solutions to meet your unique needs.
We can assist you with the following:
- Personalized Consultation: We will begin by thoroughly assessing your financial situation, family dynamics, and specific goals. This personalized consultation lays the foundation for a tailored trust that reflects your wishes.
- Customized Trusts: We understand that no two individuals or families are alike. We will work closely with you to draft a trust that precisely addresses your concerns, from asset protection to distribution.
- Probate Avoidance Strategies: By leveraging our expertise, you can minimize the effect of probate on your estate, allowing for a more seamless transfer of assets to your beneficiaries.
- Compassionate Advocacy: Dealing with matters of mortality and legacy can be emotionally charged. We will guide you through the process with empathy, offering support and reassurance during every estate planning step.
Contact Our Trusts Attorney in Tacoma Today
We handle all aspects of will and trust matters, including their preparation, dispute resolution, trust administration, and litigation. Attorney Conor McCarthy is well-versed in these matters and will always provide you with direct access to him when questions or concerns arise. Furthermore, we are here to keep your estate planning up to date when your will, trust, or other documents need to be revised due to changing life circumstances.
“I get the impression my situation was not just a legal issue to be dealt with but that he really cared that things turned out for the best.”- Jeff W.
“I would highly recommend this firm for wills and estate documents.”- B Hayes
“His service, follow-up and approach are second to none.”- Charles J.
“Conor was knowledgeable, friendly and prompt. He answered all our questions and explained things thoroughly to make sure we understood.- Jay B.
“I had Conor help with our business operating agreement and then my personal will for my wife and myself. He was very responsive, informative and pleasant to work with. He made our experience easy and quick. I would recommend him to my friends and family. - Johnny M.“Conor McCarthy is an exceptional attorney! Among his many great talents, he will break down complex scenarios to their core issues promptly, avoiding bloated billing. Having worked with numerous attorneys over the years, it is refreshing to find one who wi”- Diogenes X.- Corky G.
I hired Attorney Conor McCarthy in 2016. I had sustained a serious work injury and was having problems communicating and understanding the process with the Washington State Labor and Industries.
Conor McCarthy was a godsend, he completely took control, worked successfully with L&I and ultimately brought my case to the best conclusion for my injury and case. Without hesitation, I highly recommend Attorney Conor McCarthy.Conor McCarthy has been my attorney for years. He is honest, trustworthy, knowledgeable and gets the job done efficiently and effectively. He has handled a variety of issues for my mother and me and we have been more than satisfied with the results. He is easy to talk to. He listens and hears what you are telling him. We have the utmost faith in him and have recommended him to friends and family.- Linda O.