TRUSTS

Some of us have complicated estates. We may own all or part of a business, have rights to certain land, have a family member who has special needs, or may have multiple pieces of property. If this describes your financial situation, then your best option for your estate may be developing a trust, rather than establishing a will.

When someone creates a trust, the trust goes into effect immediately. You transfer whatever assets you chose into the trust, and you select a trusted person who will serve as trustee upon your death or incapacity. Trust agreements allow you to retain control of your assets while you are living, have a trusted person manage your assets when you are incapable of doing so, and they allow you to maintain your privacy. Unlike a will which becomes public during the probate process, a trust remains private. Trusts need not be probated which means any property placed in them does not go through the probate process.

If you live in Weiser, Payette, Council, Cambridge, Midvale, Emmett, New Plymouth, Boise, Nampa, Caldwell, Middleton, New Meadows, McCall, Homedale, Melba, Parma, Marsing, Wilder, or Fruitland Idaho and believe a trust may be the right way to handle your property, contact Masingill Law, P.A. today and let us help you draft the right one to meet your needs.