If you need to create a trust or an estate plan, or if you need to revise your estate plan, contact the experienced and compassionate Cedar Rapids attorneys at Arenson Law Group, PC today. A trust can be a stand-alone testamentary or a part of a larger estate plan. Trusts may be a good option for people looking to ensure that their assets are distributed according to their wishes or for those looking to protect their assets and beneficiaries. A trust can make sure your assets are protected before and after death. To learn more about why a trust might be a good means for you to protect your assets, contact the seasoned Cedar Rapids trust lawyers at Arenson Law Group, PC today by calling (319) 363-8199.
Why Do I Need a Cedar Rapids Trust Attorneys
The law concerning trusts and estate planning can be complex and involve other aspects of the law of which you may not even be aware. There are a variety of different trusts, and knowing which one would be best for your unique situation is difficult without having a deep understanding of the law. Having an experienced trusts attorney like those at Arenson Law Group, PC prepare your trust can help ensure that your trust is best suited for your interests and has legal validity. Having a trust invalidated can mean extra costs, delay, and frustration. To help ensure that your assets and beneficiaries are protected, contact a Cedar Rapids trust attorney for assistance.
Why Choose Us
At Arenson Law Group, PC, we have been representing clients in the Cedar Rapids area and across Iowa for over three decades. Because so many members of our legal team are Iowa natives, we feel a special connection to the communities and people we serve. As such, we strive to treat each client with respect and give them individualized attention that will exceed their expectations. We have a number of client testimonials that attest to our dependability and success. If you would like to learn more about why estate planning is essential and if a trust is right for you, a team member from Arenson Law Group, PC will be able to help.
Cases We Handle
We handle a variety of cases, including litigation and transnational matters in trusts, estate planning, and probate. Trusts are a legal instrument whereby an individual, known as the settlor, transfers property to a third party to hold for the benefit of another party, the beneficiary. For a valid trust to be created, there must be an intended beneficiary, the trust must be funded, and there must be a document written in accordance with local laws defining the trust. Trusts differ from wills in that the property being transferred to the settlor’s beneficiary can be transferred during the settlor’s lifetime, upon their death, or upon another condition occurring.
Trusts are a good option for individuals who are looking to:
- Transfer assets during their lifetime
- Avoid probate thereby denying the public’s ability to access records
- Protect assets, including from beneficiaries
- Minimize tax liability
- Protect the inheritance they leave to beneficiaries from creditors
- Distribute money or assets to beneficiaries over time
- Ensure that a recipient with a disability will not lose their government benefit
- Give assets to minor beneficiaries without court intervention
- Include property that a will cannot cover, such as a life insurance or retirement policy
Trusts can be a good tool for individuals with a variety of circumstances and from a range of income levels who are looking to protect their assets and the intended beneficiaries of those assets. There are a variety of trusts, including trusts that can or cannot be revoked during the settlor’s lifetime. Some trust options include:
- Spendthrift Trust
- Shelter Trust
- Special Needs Trust
- Dynasty Trust
- Life Insurance Trust
- Charitable Remainder Trust
- Charitable Lead Trust
At Arenson Law Group, PC, we are seasoned in litigation, estate planning, and probate matters. Our experience gives us the knowledge so we can assist you whether you are looking to create a valid and legally enforceable trust, or whether you are trying to invalidate an existing trust.
Creating a trust is a significant, yet accessible and wise choice for many. Decisions made while creating your trust will have short and long-term consequences. To ensure that you create the proper trust to meet your wishes and that your trust will be valid in the eyes of the court, schedule an appointment with the knowledgeable and understanding Cedar Rapids estate planning attorneys at Arenson Law Group, PC today by calling (319) 363-8199.
Written by James H. ArensonLast Updated : October 13, 2023