Trusts

Protect and Manage Your Assets with Customized Trust Solutions

At Achli & Morgan Legacy Planning, we specialize in crafting tailored trust solutions that help you manage, protect, and distribute your assets according to your wishes. Trusts are a powerful tool in estate planning, offering flexibility and control over your wealth while providing peace of mind for you and your loved ones.

What is a Trust?

A trust is a legal arrangement where one party (the trustee) holds and manages assets for the benefit of another party (the beneficiary). Trusts can be used for various purposes, including managing assets during your lifetime, providing for loved ones after your death, and minimizing estate taxes. Our expert team can help you choose the right type of trust to meet your specific needs and goals.

Types of Trusts We Offer

Our team at Achli & Morgan Legacy Planning is skilled in creating and managing a wide range of trusts, including:

Revocable Living Trusts: A revocable living trust allows you to retain control over your assets during your lifetime while avoiding probate upon your death. You can modify or revoke the trust as your circumstances change, making it a flexible option for many estate plans.
Irrevocable Trusts: Unlike revocable trusts, irrevocable trusts cannot be modified or revoked once established. These trusts are often used for asset protection and estate tax reduction, as they remove assets from your taxable estate.
Special Needs Trusts: Special needs trusts are designed to provide financial support for individuals with disabilities without affecting their eligibility for government benefits. We create these trusts to ensure that your loved one’s needs are met while preserving their access to essential services.
Testamentary Trusts: Created through a will and taking effect after your death, testamentary trusts allow you to set specific conditions for distributing your assets. These trusts can be used to provide for minor children or beneficiaries with special needs.
Charitable Trusts: If you wish to leave a legacy through charitable giving, charitable trusts allow you to support your favorite causes while receiving potential tax benefits. We help you establish charitable remainder trusts or charitable lead trusts to achieve your philanthropic goals.
Asset Protection Trusts: These trusts are designed to shield your assets from creditors and legal claims. We create asset protection trusts to ensure that your wealth remains protected for future generations.

Benefits of Establishing a Trust

Avoidance of Probate: Trusts typically bypass the probate process, allowing for a quicker and more private distribution of assets.
Asset Management: Trusts provide a structured approach to managing and distributing your assets, which can be especially useful if you become incapacitated or have minor children.
Tax Efficiency: Certain types of trusts can help minimize estate taxes and protect your wealth from unnecessary taxation.
Flexibility: Trusts can be tailored to address specific needs and goals, providing a high level of customization and control.
Privacy: Unlike wills, trusts are not subject to public probate proceedings, ensuring that your financial affairs remain private.

Our Approach

At Achli & Morgan Legacy Planning, we take a personalized approach to trust creation and management. Our process includes: