Experienced Virginia Attorneys Help You Select the Trust That Is Best for You
Providing seasoned advice on revocable and irrevocable trusts
As part of your estate plan, you may consider protecting your assets and distributing certain property with a trust. At Miller Law Group, P.C., our Charlottesville clients often tell us that with so many trust arrangements available, they feel overwhelmed by their options. With more than 30 years of combined experience assisting client in Albemarle County and surrounding counties, our attorneys are committed to understanding your wishes, listening to your concerns and helping you select the trust arrangement that best suits your goals.
What is the difference between a revocable trust and an irrevocable trust?
Both irrevocable and revocable trusts are living trusts, made during your lifetime. Both types of trusts can help you effectively avoid probate in Virginia, saving your loved ones both time and money. The difference between these trusts is simple: You may change a revocable trust at any time after its creation and until your death, but you may not change an irrevocable trust once it is created. Irrevocable trusts thus have the advantage of protecting your property and reducing estate and other taxes. It is important that you seek advice from a lawyer who has experience with both kinds of living trusts in Virginia to properly protect your assets.
Types of irrevocable trusts
There are several types of irrevocable trusts that may help you reduce taxes or protect your property, depending on your unique goals. Our skilled attorneys are committed to understanding your goals, explaining your options and assisting you in forming a trust from any of the following types of irrevocable trusts:
- Life insurance
- Grantor-retained interest
- Spendthrift trusts
- Special needs trusts
With many years of estate planning experience creating irrevocable and revocable trusts in Virginia, we have the knowledge and skill to evaluate your goals and help you select the appropriate type of trust to achieve them.
Contact us to discuss your revocable and irrevocable trust options
At the Miller Law Group, P.C., our estate planning attorneys can help you select the trust type that best suits your goals in preserving your assets and distributing them to your loved ones. Our attorneys and professional staff work hard to protect what’s important to our clients: their assets and their families. Call us locally at 434-218-3987 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