Trusts
The Beauty of Trusts
A "Trust" is a legal concept that allows a property owner to divide their property interests between multiple parties or institutions for a variety of purposes, including:
- Easier management of property
- Minimizing tax liability
- Asset protection from financial liability
- Providing for disabled or minor children
- Preservation of certain government benefits
- Long-term funding of charitable causes
- Avoiding Probate
The above list in not exclusive as Trusts can be created for just about any legal purpose imaginable. Because of their flexibility, trusts are frequently utilized by Elder Law and Estate Planning attorneys when drafting estate or long-term care plans. Whether it is a revocable or an irrevocable trust, a testamentary or an inter-vivos ("living") trust, Platt Law, P.C. can help you determine what will best help you achieve your planning goals. We always keep the values and aims of our clients foremost in our minds as we work with you to develop your estate plan.
Call us or click here to schedule a consultation to discuss your planning needs.
From within Utah County and Salt Lake County, our law firm represents estate planning and elder law clients from Alpine, Highland, Lehi, American Fork, Saratoga Springs, Eagle Mountain, Sandy, Draper, Herriman, South Jordan, Pleasant Grove, Salt Lake City, Lindon, Provo, Orem, Spanish Fork, Payson, Santaquin, and Springville. The Utah Law Firm of Platt Law, P.C. focuses on Utah estate planning, wills, trusts, estates, probate administration, asset protection, Medical Assistance planning, Medicaid planning & eligibility, Veterans Benefits planning, VA Aid and Attendance planning, elder law, business succession planning, family limited partnerships, real estate and transactional law. With years of experience, attorney RobRoy Platt is an experienced estate planning attorney, trust attorney, probate attorney, asset protection attorney, Medicaid attorney, Veterans Benfits attorney, and elder law attorney. Melissa Platt is an experienced business succession attorney, trust attorney, estate planning attorney, and real estate attorney.