A comprehensive estate plan often includes a trust. A trust can be a revocable or irrevocable; it can be a living (i.e., during the client's lifetime) trust, or it can be testamentary and go into effect upon death. At Cramer Price & de Armas, P.A., we will work with you to determine which trust would best suit your specific needs.
Our attorneys are experienced in creating trusts for many purposes, such as marital trusts, special needs trusts, charitable giving trusts and even college fund trusts. Whatever you are interested in, we can help make it happen. Many people assume trusts only benefit the extremely wealthy. Nothing could be further from the truth. A trust is an excellent estate planning tool with the added benefit that the property in the trust generally does not need to be probated. This eases the burden on those who survive you.
At Cramer Price & de Armas, P.A., we will work with you to establish the terms of your trust, which includes the management of the trust by the trustee. You will be able to name your beneficiaries and set out the terms and circumstances under which the trust's income and assets will be distributed. We are also experienced in the administration of trusts, and we can assist you if you are named as a trustee.
Your circumstances will change over time, so it is important to work with your attorney to update your estate plan, including your trust, so that it is as up-to-date as possible.
Contact our office today at (407) 843-3300 in order to speak to one of our knowledgeable estate planning attorneys.