Skilled Charlottesville Law Firm Assists with Living Trust Formation
Helping to create the right trust arrangement for your needs
In a trust, one person, the trustee, holds legal title to property for the benefit of another, the beneficiary. Many people find living trusts to be a useful estate-planning tool because they are created while you are still alive, and depending on the kind of trust you choose, the terms may be changed according to your wishes. At the Miller Law Group, P.C., we are committed to helping you choose the trust arrangement that is right for you.
How do I create a living trust?
A living trust in Virginia should express exactly how you wish your trust property to be distributed. You designate the property to be included in the trust as well as the trustee, the person who administers the trust according to your wishes, which are spelled out in the trust document. Once you’ve signed the trust document before a notary public, you transfer your property to the designated trustee. To ensure your living trust completely conveys all your wishes, it is best to consult with an experienced Virginia trusts lawyer. At the Miller Law Group, P.C., our attorneys help you identify which type of trust best suits your needs as well as draft the documents and transfer the trust assets to the trustee.
Advantages of a living trust
Living trusts offer several advantages over a traditional last will and testament. Among these are:
- Increased privacy. Trust terms remain private, even following the trust creator’s death.
- Avoidance of probate. Virginia has strict and complicated probate laws. To avoid probate, many people choose trusts, since trust assets pass to your designated beneficiary without going through probate.
- Saved time and money. By avoiding probate, you save your loved ones both time and money following your death.
At the Miller Law Group, P.C., our professional staff can help you protect your assets — and ease the burden on your heirs once you pass — with a revocable or irrevocable living trust. Our skilled estate planning attorneys are dedicated to protecting your wishes and preserving your assets for your loved ones.
Contact us to discuss your living trust goals
At the Miller Law Group, P.C., we can help you achieve your goals regarding the distribution of your assets by helping select the trust type that best suits your needs. With more than 30 years of combined experience, our attorneys and professional staff work hard to protect what’s important to our clients in Albemarle County and surrounding counties: their assets and their families. Call us locally at 434-202-5293 or contact us online today for your FREE APPOINTMENT. Our law firm is located behind the Senior Center in Charlottesville and is handicapped-accessible. Parking is available outside the door.
Serving the communities of central Virginia, including Albemarle, Augusta, Buckingham, Charlottesville, Culpeper, Fluvanna, Greene, Louisa, Madison, Orange, Harrisonburg, Staunton and Waynesboro