At Mark B. Williams & Associates, PLC, located in Warrenton, Virginia, we offer estate planning services and tools that enable our clients to make their own decisions about their finances, their health and their families. In addition to developing and updating wills and powers of attorney, we can help you determine whether a trust may be in your best interests.
What Is the Purpose of a Trust?
A trust can take numerous forms, depending on the purpose. Placing your assets into a trust, which is administered by a trustee whom you choose, may allow you to avoid the probate process and immediately pass those assets to your heirs upon your death while gaining certain tax benefits as well as privacy. Our attorneys can assist you in setting up a trust such as:
- A revocable trust or living trust, which can be changed, or revoked. You can use a revocable trust to distribute assets to your heirs or even to yourself while you are alive.
- An irrevocable trust, which permanently changes ownership of an asset once it is put into that trust and which is generally not changeable once it has been established.
Contact Our Firm's Fauquier Living Trust Attorneys
Each person's situation is different with regard to trusts and other aspects of estate planning — some people will benefit from a trust, while others simply will not. It is important to consult an experienced lawyer who can help you make the best decisions for yourself and your family. Contact us by calling 540-254-0757 to speak to an estate planning attorney to get your questions answered.