Practice area
Trusts
A trust holds property for the people you choose and says how it should be managed. Some families need one; many don't. We'll help you see which you are.
Who it's for
People who own land or a home in more than one state, want to leave money to someone who'll need help managing it, have a family member with a disability, or would like their affairs handled privately after they die.
A trust can also help when you'd like someone to step in and manage things if you become unable to.
What the work involves
- Talking through what you'd like the trust to do, and whether a will might be enough
- Choosing a trustee, and who takes over if they can't
- Drafting the trust, along with a will that works alongside it
- Review and signing
- Funding the trust: retitling your home or accounts so the trust actually holds them
What to bring
- Deeds to any real estate, in North Carolina or elsewhere
- Recent statements for bank, investment and retirement accounts
- Life insurance policies and beneficiary forms
- Any existing will or trust
Fees
Trust planning is usually a flat fee that includes the related documents. Funding is part of the plan, and the letter after the first meeting says what's included.
Questions about this
Does a trust mean my family avoids probate?
Property held in a trust usually passes without probate, but only if the trust has been funded and other property is set up to match. We'll explain what that means for you.
Can I change a trust later?
Most trusts made for planning can be changed or cancelled while you're alive and able to decide. Some kinds can't, and we'll explain the difference before you choose.
Is a trust only for wealthy families?
No. A trust is a tool for a situation, like a child who needs support or a cabin in another state, not a measure of how much you own.
Wondering whether a trust makes sense for you?
Call or send a short note. We'll explain what's usually involved and find a time for a first meeting.