Practice Areas
- Medicaid
- Living Trusts
- Estate Administration and Probate
- Asset Protection
- Veterans Benefits
- Special Needs Trust
News
- $6.4 million fine for companies guilty of scamming seniors with pricey legal plans...
Posted on 10/22/2009 - Preparing a living trust for your children? Don’t forget to name a guardian...
Posted on 9/30/2009 - An unusual type of trust is becoming popular...
Posted on 8/31/2009 - Can you make your trust a beneficiary of your IRA?...
Posted on 8/31/2009 - Financial elder abuse cases on the rise as economy continues to struggle...
Posted on 7/29/2009
Library
Living Trusts
- What is the difference between a will and a trust?
- Lessons On Probate and the Benefit of a Trust From Michael Jackson's Estate Distribution
- Myths about Revocable Living Trusts, Lawyers and Estate Planning. You want the best Elder Law Attorney and Estate Planning Attorney on your side. Call us for a FREE consultation at (800) 879 0984
- Is your living trust complete?
- Living Trust Overview
Frequently Asked Questions
Q: What are the benefits of a living trust?
A: In summary, the benefits of a revocable living trust are the following:
- Avoids probate (court involvement) at death including multiple probates if you own real property in more than one state;
- Prevents court involvement if you become incapacitated;
- Keeps your affairs as private as possible;
- Puts all assets together under one plan;
- Can reduce federal estate taxes;
- Allows you to stay in control as long as you can;
- Can be changed or revoked at any time;
- Can protect special needs beneficiaries;
- Can control assets until you want them to be distributed (i.e., distributed to a grandchild at age 25 rather than at age 18);
- Reduces expenses;
- Saves time; and
- Most importantly, gives you peace of mind.
Elder Law Offices of Shields and Boris
109 VIP Drive
Suite 102
Wexford, PA 15090
Phone: (724) 934-5044
Toll Free: (800) 879-0984
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