Trust Preparation, Review & Updates

Satel Law provides expertise and guidance in determining if the best option for your estate is to establish a trust and in preparing your trust to protect your assets in the future.

A trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of your beneficiaries. Trusts are traditionally used to minimize estate taxes and avoid probate. Some other benefits of trusts include:

  • Control of your wealth (according to your terms, when to distribute, to whom to distribute, etc.)
  • Protection of your legacy (from heirs’ creditors or from beneficiaries who may not be adept at money management)
  • Privacy and probate savings (keeping your financial affairs out of the public probate records, reduction of court fees and taxes)

There are several types of trusts, and determining the best course of action for your estate requires the knowledge and experience of a specialized attorney. Basic types of trusts include:

  • Marital or “A” trust
  • Bypass or “B” trust (credit shelter trust)
  • Testamentary trust
  • Irrevocable life insurance trust
  • Charitable lead trust
  • Charitable remainder trust
  • Generation-skipping trust
  • Qualified terminable interest property
  • Grantor retained annuity trust

Generally, trusts fall into two categories: revocable and irrevocable. Because state laws vary, you need a qualified professional to lead you through the decision-making and establishment process. Satel Law is ready to lead you through the complex process of crafting a trust to protect your interests, both today and in the future.


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SATEL LAW, PLLC

3903 Northdale Blvd., Ste. #100E
Tampa, FL 33624


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