Vermont Trusts Attorney
Most initial meetings focus on the pros and cons of trust planning and the different types of trusts. Simple revocable living trusts offer many benefits to clients and families. The advantages of such trusts often outweigh any minor disadvantages. For example, a simple trust that is properly funded will allow a surviving spouse and family to inherit property without the expense and delay of probate administration. Trust planning can be simple and economical. Trusts are essential to handle complicated family situations. A basic joint trust may suffice for a couple with a modest estate. Trust planning for blended families, a child or dependent with special needs, protecting a second home or heirloom property is more involved. Similarly, special planning may be needed to address complicated family dynamics, property management issues and/or minimizing tax consequences. If you own a business, trust planning is strongly recommended to resolve the winding up or succession of your business.