Living Trusts

Create a lasting legacy for your heirs with a living trust
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Living Trust Attorney In Warwick, Rhode Island

What Is A Living Trust?

Living trusts are sophisticated tools for estate planning that you can establish and finance during your lifetime. In contrast, a testamentary (contingent) trust comes into play only upon your passing. A living trust offers a cost-effective and efficient means of safeguarding your heirs' interests, allowing you to rest assured. You maintain full authority over the assets in your trust while still alive, much like they are under your ownership. Contact one of our living trust attorneys for further information.

Call Tomassi Law, LLC at 401-941-5291 to schedule a consultation with a lawyer today.

What Benefits Do Living Trusts Provide to My Heirs?

Living trusts help you provide for your children’s or other heirs’ needs without having to go through the probate process. Probate is costly, and often can drag on for months – even years. If your heirs live far from you, it can be quite a hassle to complete all the paperwork involved. Living trusts can also help minimize your heirs’ tax burden, eliminating financial worries from the picture at a time when they need to focus on getting through the grieving process. To learn more, make an appointment with one of our experienced estate lawyers.

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Does a Living Trust Benefit Me Now?

In addition to you retaining complete control over the assets you place into the trust, a living trust can also provide for your needs if you acquire a disability. Without a living trust or financial power of attorney, the probate court can control how your family cares for you. With a living trust, you can appoint a trustee – usually a family member or trusted friend – to administer your assets in case you become disabled. A living trust is revocable, meaning that you can easily amend the provisions or even cancel it entirely as your needs change. It’s one of the simplest, yet most powerful ways to ensure that those whom you love may control your assets when you no longer can. Learn more about the peace of mind that comes with a living trust. Discuss your needs in a consultation with one of our estate planning attorneys.

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