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Trusts are legal documents created to accomplish certain family, tax, and other financial objectives. Trusts tailor-made to meet a person’s goals are part of a comprehensive estate plan in many, but not all, cases. Whether or not a trust is an appropriate part of your estate plan depends upon your unique family and financial situation.

Some of the reasons for using a trust include:

  • Probate avoidance
  • Reduction of estate taxes
  • Safeguarding and management of assets for minors or young beneficiaries
  • Protecting governmental benefits for persons with disabilities
  • Management of assets in the event the trust maker suffers a period of incapacity
  • Protecting assets from liabilities and claims of creditors
  • Protecting assets from having to be spent down on long-term care costs

To learn more about Revocable Living Trusts, click here to read Attorney Maria C. Baler’s article, Five Reasons to Create a Revocable Living Trust as Part of your Estate Plan.

To learn more about the duties of a Trustee, click here to read Attorney Suzanne R. Sayward’s article, Five Facts you Should Know about Serving as a Trustee.

Click here to learn more about Irrevocable Trusts.

Click here to learn more about Special Needs Trusts.

To schedule an appointment to discuss the advisability of creating a trust as part of your estate plan, contact Samuel, Sayward & Baler LLC by phone at 781/461-1020 or by email using our Contact form.