A living trust ensures that your assets will be distributed according to your wishes and makes the situation as stress-free as possible for your heirs.
It is a myth that only the elderly or the wealthy need to worry about asset management in New Jersey. It is important for anyone with significant assets to be concerned about how their assets will be managed or disbursed to their heirs when they are no longer able. For many individuals, having a revocable living trust can be the best way to do this.
Creating a living trust as part of a comprehensive estate plan may make sense for you, offering you access to assets while you are still alive and simplified access for those you love after you are gone. A living trust ensures that your assets will be distributed according to your wishes and makes the situation as stress-free as possible for your heirs.
At the Matus Law Group, estate planning attorney Christine Matus and our team of New Jersey living trust attorneys can help you create a revocable living trust specifically designed to meet your needs. Our offices are conveniently located in Ocean County, New Jersey and Monmouth County, New Jersey.
To schedule a consultation with the Matus Law Group to process a trust, call us at (732) 281-0060.
In today’s world, it is more important than ever to plan for the future. That is why at the Matus Law Group in New Jersey, we have dedicated our firm to asset management and estate planning for families just like yours.
Whether you want to leave a lasting legacy for your heirs or want to save your family the hassle of probate after you are gone, placing your assets in a living trust can offer you peace of mind and a hassle-free process for your family. At the Matus Law Group, estate planning attorney Christine Matus and our skilled team of New Jersey trust lawyers have been committed to families and their futures for over two decades.
To schedule an appointment with the Matus Law Group to process a trust, call us at (732) 281-0060.
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A revocable living trust allows you, as the grantor and trustee, complete control of your assets during your lifetime. In addition, you can name a trusted successor trustee to immediately step in upon your death or incapacitation. This individual will manage your assets in a definable way should you become incapacitated and will distribute your assets according to the terms of the trust upon your death. In the meantime, your beneficiaries aren’t subject to the cost and delays of probate court.
A living trust is prepared during your lifetime to ensure that you have access to assets while you are alive. The trust is funded with your assets and you can act as trustee of the trust. In most cases, the majority of your assets will be placed in the trust. The trust then officially owns the assets. This leaves nothing titled to you, so upon your death, your assets can be passed to your beneficiaries through the trust without having to go through probate.
Upon your death or incapacitation, your successor trustee will take over management of the assets or distribute them to your beneficiaries. Because it is revocable, you have the right to change it at any time during your life or dissolve it entirely.
If you have questions, estate planning attorney Christine Matus and the experienced New Jersey trust lawyers at the Matus Law Group are here to help. When you work with us, you get a skilled team of professionals who are committed to the safety of your future as well as your loved ones.
To schedule a confidential consultation with the Matus Law Group to process a trust, call us today at (732) 281-0060.
Any assets can be placed in a living trust, including:
Assets must be transferred to the trust through the proper channels. So, for instance, any real property must be deeded into the trust’s name and properly filed. Other accounts must follow legal protocol to be transferred into the trust’s name in order to be controlled by the trust. Any assets acquired after the trust is created will also have to be added to the trust.
After you pass away, the successor trustee will distribute assets in accordance with the terms of the trust. There are three primary ways that you can pass assets to your beneficiaries.
Your beneficiaries are likewise protected under the terms of the trust. Whether they receive specific assets outright, or they receive income or discretionary funds, you, as the grantor, can set up the terms of the trust to best accommodate or protect your beneficiaries. If a beneficiary dies before, during, or after the trust is created, the document can make provisions for that. At the Matus Law Group, revocable trust attorney Christine Matus and our team of New Jersey estate planning lawyers can tailor your trust to you and your beneficiaries’ specific needs and circumstances.
To schedule a private consultation with the Matus Law Group to process a trust, call us at (732) 281-0060.
The successor trustee has a great deal of responsibility. He or she is responsible for investing any assets prudently in the best interests of the beneficiaries. The trustee must also file state and federal income taxes for the trust and provide accountings to all beneficiaries. Consequently, you want to ensure that the individual you choose as your successor trustee is capable and responsible in taking on this role.
You may choose a trusted individual such as a family member or a trusted friend or associate. You may also choose to use a corporate trustee. Corporate trustees can include trust companies, lawyers, banks, and other financial institutions. These individuals or institutions have the experience of managing trusts that friends and family members may not have.
Like other forms of estate planning and asset management, revocable living trusts have their benefits and their disadvantages. While it is not an option for everyone, having a trust can be particularly beneficial for those who have significant assets, property in other states, special needs loved ones, or have a large extended family where probate can become complex and time-consuming.
Is a living trust right for you? Some questions that your New Jersey living trust attorney may ask when consulting with you are:
These are matters that make creating a living trust especially beneficial. New Jersey probate attorney Christine Matus and the estate planning lawyers at the Matus Law Group can go through these specific scenarios with you so you can understand your options and how a living trust may or may not benefit you. To schedule a confidential appointment with the Matus Law Group to process a trust, call us now at (732) 281-0060.
Living trusts have some distinct benefits.
A living trust can be adapted to your particular circumstances. Estate planning attorney Christine Matus and the New Jersey trust lawyers at the Matus Law Group will answer your questions and tailor your living trust according to your unique needs. To schedule a private appointment with the Matus Law Group to process a trust, call us today at (732) 281-0060.
While a living trust can be advantageous for many individuals, there are some things a living trust cannot do. You still need a will if:
At the Matus Law Group, estate planning attorney Christine Matus and our experienced New Jersey trust lawyers are happy to sit down with you and discuss your questions and concerns and how to approach your living trust to safeguard your legacy and the specific needs of your family.
Anyone with significant assets should consider asset protection and having a concise estate plan in place. With a revocable living trust, you can have access to assets while you are alive, and your beneficiaries’ needs will be met should you pass away or become incapacitated. Estate planning attorney Christine Matus and the skilled New Jersey living trust lawyers at the Matus Law Group are here to offer advice and counsel. We create many different types of trusts, depending on your unique situation.