Coventry Trust Lawyer
One or more trusts can be a valuable piece of your estate plan; if you believe that a trust is only an allowance for rich people, you’re missing out on potential benefits to help you reach your financial goals and protect your assets. Our Coventry, RI trust lawyer helps you understand your options for using trusts to build generational wealth and protect real property. Contact Aptt Law LLC today to learn more.
Trust Lawyer Coventry, RI
A trust is a legal entity that owns assets held and managed for the benefit of a third party, known as the beneficiary. The trust grantor, or creator, can transfer money, property, or other assets, such as an investment account, relinquishing their legal ownership and control over the assets. The trust’s beneficiaries receive the financial benefits according to the trust’s terms.
Trusts can reserve a family home, allowing someone, like your partner, to live in the house after you pass away without owning it; after they pass away, the home may pass directly to the trust beneficiary. Or, a trust can be used to pay for a child’s education, with strict instructions for the trustee to only distribute funds for tuition, fees, and room and board. If you have a spendthrift family member, you can establish a trust for them, instead of directly bequeathing money or assets to them.
Trusts protect assets from creditors, too. If you’re personally sued, your own money and property may be seized to settle the debt, but whatever is in a trust is legally owned by the trust, not you, and so is protected from creditors.
Our Coventry trust lawyer can draft one or more trusts to help achieve your financial goals and take the first steps toward building generational wealth. We also offer trust administration services to ensure your trust is administered effectively in accordance with your will and to reduce the potential for family disputes.
Why You Need Our Legal Experience For An Effective Trust
A solidly constructed trust can preserve assets for generations, ensure your family has a steady income, and protect everything you’ve worked hard to achieve. At Aptt Law LLC, we get to know you, so we know your financial goals and how to help you reach them. We create the right trust and can act as the trust administrator if you need professional trustee services.
- Firm lead attorney and founder Geoffrey M. Aptt provides timely advice for moderate to high-net-worth families
- Mr. Aptt graduated cum laude from Roger Williams University School of Law with a J.D.
- Our attorneys advise crypto investors on estate planning to avoid exposing cold storage assets to the web
- Mr. Aptt is a member in good standing of the Rhode Island Bar Association and the Massachusetts Bar Association
- Our firm provides bespoke advice for startup investors on estate tax-efficient planning and the use of charitable remainder trusts
Would you like more information about how a trust can round out your estate plan? Call our Coventry trust lawyer today for a consultation.
Disclaimer:
- The Rhode Island Supreme Court licenses all lawyers in the general practice of law, but does not license or certify any lawyer as an expert or specialist in any field of practice. This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice, nor the formation of a lawyer client relationship.
- No Attorney-Client Relationship Created by Use of this Website. Neither your receipt of information from this website, nor your use of this website to contact Aptt Law LLC (hereinafter “the Firm”) or one of its lawyers creates an attorney-client relationship between you and the Firm. You will become a client of the Firm only if and when you sign an engagement agreement setting forth the scope of the Firm’s engagement, the fee arrangement and other relevant matters.
- Disclosure Under IRS Circular 230: Any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any tax-related transaction or matter.
