Estate Planning: Trusts
Estate Law & Trusts Attorney
Trusts Lawyer – Spartanburg, Greenville, Upstate SC
Our experienced Trusts attorney at the Smith & Haskell Law Firm provides Estate Planning strategies and services including the development and establishment of a trust or trusts specific to your goals, circumstances, and financial objectives. We counsel and provide extensive Trust planning and Trust establishment services to individuals, families, businesses, and estates in Spartanburg, Greenville, the Upstate and surrounding areas and throughout South Carolina.
Our mission is straight forward: to totally protect the interests of our clients under the law in an efficient and cost-effective manner.
What is a Trust
A trust is a fiduciary arrangement and legal contract, drafted by an attorney, between at least two parties: a grantor, known as a trustor, and a named trustee or trustees, who ensures your assets are managed according to your wishes both during your lifetime and after your death. Trusts are traditionally used for minimizing estate taxes and offer various other benefits as part of a well-crafted estate plan. Trusts can be arranged in many ways and can specify exactly how and when the assets are passed to the beneficiaries. Trusts usually avoid probate saving time, court fees, and potentially reducing estate taxes and named beneficiaries may gain access to these assets more quickly than they might to assets that are transferred using a will.
Types of Trusts
- Asset protection trust
- Blind Trust
- Bypass trust, credit shelter trust
- Charitable lead trust
- Charitable remainder annuity trusts
- Domestic asset protection trust (DAPT)
- Education Trust
- Generation-skipping trust GST)
- Grantor Retained Annuity Trust (GRAT)
- Irrevocable life insurance trust (ILIT)
- Irrevocable trust
- Living Trust
- Marital trust
- Qualified Terminable Interest Property (QTIP) trust
- Real estate trust
- Revocable trust
- Special needs trust
- Spendthrift trust
- Testamentary trust
- Totten Trust
Our experienced Trust attorney at the Smith & Haskell Law firm will work with you to establish a trust most appropriate to your individual circumstances and financial goals and objectives such as asset protection, probate avoidance, protection from creditors and minimizing tax liability,
Consult an Estate Planning & Trusts Attorney in Spartanburg, Greenville, Upstate SC
Your individual and family situation is unique and should be treated as such. If you or a family member have questions about Estate Planning, Estate Law and the many options and choices of Trusts and the establishment of Trusts as part of a comprehensive Estate plan, we encourage you to contact our experienced Estate Planning and Trusts Attorney at the Smith & Haskell Law Firm today at 864.582.6727 to schedule an appointment.
Smith & Haskell Law Firm provides Estate Planning, Trusts, Elder Law, Probate & Estate Law, Mediation & Alternative Dispute Resolution by Certified Probate Court Mediator legal services to clients in Upstate of South Carolina, Spartanburg, Greenville, Anderson, Chester, Laurens, Pickens, Richland, York, Cherokee, Union County, Oconee & throughout South Carolina.