Trusts Attorney In Wakefield, Massachusetts
A properly drafted trust is one of the most effective estate planning tools in Massachusetts. It can help preserve privacy, protect assets from creditors and even reduce estate tax exposure. However, it is essential to have an experienced attorney help you draft your trust.
Curley Law Firm LLP helps clients in Wakefield and the entire state of Massachusetts prepare customized, legally enforceable trust documents. With over 40 years of combined experience, we aim to protect your wishes and your loved ones for years to come. Our attorneys, Patrick Curley and Lucy Budman, are Certified Elder Law Attorneys (CELAs) in Massachusetts. Whether you need a simple living trust or a sophisticated asset protection strategy, we are ready to serve you.
Understanding Trusts In Massachusetts
A trust is a legal arrangement that allows a chosen trustee to hold and manage property for the benefit of another person. In Massachusetts, trusts are governed primarily by the Massachusetts Uniform Trust Code.
After creating a trust agreement, you must fund your trust by transferring ownership of appropriate assets. Designated trustees owe fiduciary duties to beneficiaries, including acting in their best interests. Our knowledgeable estate planning attorney can help you select the right trustee.
Common Types Of Trusts In Massachusetts
We can help you create a trust that reflects your unique needs. Examples include:
- Revocable living trust: It allows you to retain control over your assets during your lifetime while providing instructions for their management after death or incapacity.
- Irrevocable trusts: Cannot be modified after they are established, but provide significant asset protection and estate tax planning benefits.
- Irrevocable life insurance trust: Designed to own life insurance policies outside of your taxable estate.
- Charitable trust: Allows you to support organizations for public benefit purposes.
- Special needs trust: It provides financial support for a loved one with a disability without affecting their eligibility for government assistance programs.
Our lawyers will help draft a customized trust to provide long-term security.
A Dedicated Firm Ready To Help Protect Your Assets And Loved Ones
Our practice is devoted exclusively to estate planning and elder law. Clients choose our firm because we provide compassionate service, clear communication and practical legal guidance during every step of the process. We take the time to understand your concerns and develop customized planning strategies that reflect your unique needs.
Schedule A Confidential Consultation With A Massachusetts Trusts Lawyer
At Curley Law Firm LLP, our estate planning attorneys can help you create a trust that protects your legacy in Essex, Middlesex and Suffolk counties and across Massachusetts. We offer in-person consultations at our Wakefield office, as well as by telephone, Zoom and video conference. Call 866-406-8582 or fill out our online form to get started.