What is a Trust?
A trust is a legal vehicle that allows you to transfer assets to a legal entity known as a trust, which holds and manages the assets for the benefit of your chosen beneficiaries.
Depending on your situation, trusts offer numerous advantages, including:
Control over asset distribution
Avoiding probate
Reducing estate taxes
Providing for special circumstances
At MZJ, we work with you to create Trusts that reflect your values and ensure your assets are handled according to your wishes.
Our Trust Services
MZJ Law provides a wide range of services that are tailored to your situation when it comes to establishing trusts. We take a personalized approach, ensuring that every trust we create is carefully designed to fulfill your own estate planning objectives. Whether you’re focused on wealth preservation, tax efficiency, or providing for future generations, our legal team can help you.
How we can help:
Revocable Living Trusts
A revocable living trust allows you to maintain control over your assets during your lifetime, with the flexibility to modify or revoke the trust as your circumstances change. This type of trust is a cornerstone of many estate plans, offering the benefit of avoiding probate while allowing your assets to be distributed according to your wishes. Our attorneys will guide you through the process of establishing a revocable living trust, ensuring it is structured to meet your specific needs and provide for your loved ones.
Irrevocable Trusts
An irrevocable trust can be a powerful tool for reducing estate taxes, protecting assets from creditors, and ensuring that your wealth is preserved for future generations. Once established, an irrevocable trust cannot be altered or revoked, which makes it the optimal option for those who want to remove assets from their taxable estate. MZJ attorneys are experienced in crafting irrevocable trusts that achieve your estate goals while providing the securing and peace of mind you need.
Supplemental Needs Trust
A supplemental needs trust is designed to provide for a loved one with disabilities without jeopardizing their eligibility for government benefits. This type of trust ensures that funds are available to enhance the beneficiary's quality of life while preserving access to essential programs like Medicaid and Supplemental Security Income (SSI). Our team at MZJ is dedicated to helping you establish a supplemental needs trust that provides financial security and peace of mind for both you and your loved one.
Charitable Trusts
For those who wish to leave a lasting impact through philanthropy, a charitable trust can be an effective way to support causes that are important to you while also providing tax benefits. Whether you're interested in establishing a charitable remainder trust, a charitable lead trust, or another form of charitable giving, our attorneys will work with you to create a trust that reflects your charitable intentions and maximizes the benefits for both you and the charity.