Dallas Living Trust Attorney
Estate Planning Attorney Services
At our Dallas estate planning law firm, we understand that planning for the future can be overwhelming, but it is important to ensure that your business, assets and loved ones are protected.
Liability Protection with a Living Trust
A living trust is a legal document that allows you to transfer ownership of your assets to a trustee while you're still alive, and it can be an effective way to ensure that your assets are managed and distributed according to your wishes after you pass away.
One of the benefits of a living trust is the added protection it provides against liability. When assets are held in a trust, they are not considered to be owned by the individual but rather the trust itself. This means that in the event of a lawsuit, the assets held in the trust are typically protected from being seized by creditors.
Additionally, a living trust can also offer protection in the event of incapacity or disability. In this scenario, the trustee designated to manage the trust can step in and manage the assets on behalf of the individual, ensuring that they are properly maintained and used for the individual's benefit.
Overall, a living trust can be a useful tool for protecting assets and ensuring they are managed properly, but it's important to work with a qualified estate planning attorney, such as Bruce Alford to understand the specific protections afforded by a living trust and to ensure that the trust is set up in a way that maximizes those protections.
Contact Our Estate Planning Attorney
Our Dallas estate planning attorney has the expertise to help you create estate planning documents, including a living trust that meets your specific needs.
We'll work with you to understand your goals and help you choose the type of trust that is right for you.
We will also help you to understand the benefits and limitations of each type of trust, to help you make an informed decision.
Interested in how we can help?
Contact our Dallas living trust attorney today!