Trusts For High Net Worth Individuals
At the Sawyer Law Firm PLLC in Fort Worth, Texas, our attorneys focus on creating estate plans for high net worth individuals.
Trusts are effective estate-planning instruments that can accomplish two significant objectives: help you manage property during life and ensure a smooth administration of your affairs after you die.
Our attorneys are well-versed in trust formation. We will take the time needed to get to know you and your goals. Then we will draft a trust or trusts that precisely reflect what you want to accomplish.
If you have a team of wealth advisors, we will work with them to coordinate everyone’s efforts. Our goal is to ensure you have an effective, cohesive plan.
Two Categories Of Trusts
Trusts come in two main categories: revocable and irrevocable.
Revocable trusts allow you to add or subtract assets to the trust during your life, and to amend or revoke the trust terms at any time. In a revocable trust, the trust cannot be withdrawn by the grantor. As a result, when the individual who created the trust dies, the property held in trust is not subject to probate.
Irrevocable trusts are set up for beneficiaries and often are used for tax purposes. Contributions made to irrevocable trusts are no longer accessible.
Specific Trusts For Specific Needs
At Sawyer Law Firm PLLC, our lawyers are adept at creating trusts of all kinds, from simple to complex. Types of trusts include:
- Revocable living trust
- Testamentary trust (trust created under a will)
- Irrevocable life insurance trust
- Defective grantor trust
- Grantor retained annuity trust
- Charitable trust
- Special needs trust
How To Contact Us
When you hire our lawyers for your estate planning, you will get a plan that accomplishes your goals. To schedule an appointment with one of our lawyers, call the Sawyer Law Firm PLLC in Fort Worth, Texas, at 817-335-2208 or contact us online.