What is a Trust?

A Trust is a legal entity that is used in estate planning to generally avoid probate, make it easier on loved ones, and certain types of trusts can be used to protect assets. Some of the trust law basics are knowing that a trust can help manage your property and assets to ensure a smooth transition or even protect assets. Our Sioux Falls Falls trust lawyers can walk you through the options in designing a trust that accomplishes your goals.  

A trust can replace the primary purpose of a Will and provides the instructions for what needs to happen after a person dies and avoids probate at death.  Often people wonder how much does a living trust cost? Generally, a living trust is going to cost more than establishing a Will because you are doing a lot of the work upfront so that those you leave behind have less work and the costs of probate or tax or other problems. Visit with one of our Sioux Falls trust attorneys to help guide you through the options, benefits costs and what you will be saving by doing a trust plan. 

There are several different types of trusts capable of helping you accomplish a wide range of planning goals. Together, they represent some of the most powerful tools in the estate planner’s toolbox.