One of the primary reasons to establish a trust is to bypass the probate process. Since trusts are not subject to probate, they allow assets to be transferred directly to beneficiaries without the need for court involvement. This can save time and money, as probate can take months or even years to finalize. Additionally, assets transferred to an irrevocable trust may be excluded from the grantor's taxable estate, potentially reducing estate taxes. Irrevocable trusts are valuable tools for high-net-worth individuals looking to reduce their estate tax liability.

PLĒS is ready to help you distribute your accumulated wealth to your heirs, as you see fit, while protecting your heirs from the predations of the IRS and disclosures made through public records.

Did you know that every transaction involving land is recorded and published in a database accessible to the public? By using a trust to own real property, the trust may be used to keep ownership private by removing the owner's name from public records and the internet.

Are you a small business owner seeking to protect your personal property from creditors in the event of a business downturn? There is a trust for that. A specialized irrevocable trust can be designed to shield assets from creditors, lawsuits, and judgments by separating legal ownership from beneficial enjoyment.  Because the trust owns the assets rather than the individual, creditors generally cannot seize them, though the grantor can often still benefit from the trust under strict discretionary terms.

PLĒS can help you secure your hard-earned assets and increase your levels of privacy and security through the correct trust.

In the unpleasant event that you become temporarily or permanently incapacitated, having a trust that specifies exactly how to control your assets, care for your dependents, and make medical decisions on your behalf is essential. A trust removes the responsibility of making difficult decisions from your loved ones, and places them in your control through the trustee.

Do you have a child that you want to care for who needs help controlling their spending? A spendthrift trust is an asset planning tool that restricts a beneficiary’s ability to access or control trust assets, preventing them from squandering their inheritance or having it seized by creditors. This allows you, the settlor, to provide for your child as you see fit. You may even control where distributions are made, bypassing the beneficiary entirely, and providing for essentials, such as:  housing, tuition, or transportation.

Similarly, a special needs care trust, also known as a special needs trust or supplemental needs trust, can be created to care for children and adults who are unable to provide for themselves. This type of trust is a legal arrangement designed to hold and manage assets for an individual with disabilities without jeopardizing their eligibility for means-tested government benefits like Medicaid and Supplemental Security Income (SSI). Some permissible uses can include things like, housing, nursing care and companions, food, enrichment activities, and medical devices and disability aids.

PLĒS will listen to your objectives, select and draft the most appropriate trust instrument for your unique needs.