TRUSTS
Our team of experienced trust attorneys and disability planners work with you to determine what your unique goals are and ensure that they are incorporated into your plan according to your wishes.
WHAT IS IT?
A TRUST is a legal entity you can create for the benefit of yourself and/or others that holds, manages and distributed assets you put into it. Your written directions, the terms of the trust and state law determine how the assets are managed and distributed.
So what does this mean?
It means that a trust is an extremely flexible estate planning tool. There are many different kinds of trusts which can be used to accomplish an amazing array of goals from tax planning, to disability planning, to legacy building, to asset protection.
Many of our clients, if they are interested in a trust when they first approach us, are thinking of a revocable living trust. A revocable living trust set up by a qualified trust attorney is a very flexible estate planning strategy which can provide uninterrupted asset management and protection during any incapacity and serves, in many ways, as a substitute for a will. This type of trust allows you to accomplish your goals with little or no court intervention and to do so in a private manner without sharing the details of your estate in public through conservatorship or through probate.
HOW WE WORK
There are many other types of trusts we can help you to put in place to help you to meet your planning goals. Your trust planning starts with what your goals are – your desires for how you would like to be provided for in the event of incapacity, your desires for providing for your spouse, partner and loved ones, and your desires for passing on your values and property after you pass on. Working with qualified Trust attorneys like Wick Law can ensure that you have the right plan in place to protect your family now and after you pass on.
WICK LAW
David W. Wick
7015 Lynmar Lane
Edina, MN 55435
(651) 238-5551