Bellomo & Associates, LLC

LANCASTER LIVING TRUST ATTORNEY

There are so many different options on the market for estate planning, which can be great for those who want the perfect planning tool but also overwhelming when you are trying to figure out what is right for you. There are many different ways that you can protect your assets and ensure that they are quickly and seamlessly distributed to the beneficiaries that you want them to go to. One of the most versatile options for many individuals and families is a living trust. Living trusts are different from other types of estate planning tools that don’t go into effect until your passing, and they allow you versatility throughout the rest of your life. Bellomo & Associates, LLC is an experienced living trust attorney in Lancaster, PA.

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What Is a Living Trust?

Living trusts are legal documents that collect your assets like real estate properties, vehicles, investments, personal property, bank accounts and more and put them into a trust. When you use a living trust, you will be able to say exactly what you want to have happen to your assets after death. Because living trusts are revocable, you can change or cancel them at any point during your life as your relationships or assets change. You will maintain full control of your assets until you are no longer here to manage them. When you create a living trust with our living trust attorney in Lancaster, PA you will be able to name a trustee who will act on your behalf and distribute your assets once you are gone.

Why Do I Need a Living Trust Attorney in Lancaster, PA?

Some individuals opt to create a living trust so that they can simplify the probate process and avoid the court system entirely when completing the asset distribution process. When you only have a will, your estate will need to go through the time-consuming and expensive probate process after your passing. During the probate process, your estate will be valued, any outstanding debts will be settled, estate taxes will be paid and then the assets will finally be transferred. When you have a large pool of assets, your loved ones will have to pay a great deal to complete the probate process.

Additionally, living trusts give you more privacy than probate. Wills are considered public documents, so individuals outside of your family can view them, see any assets that are listed and even contest them. If you are looking to preserve your privacy and prevent the public from being able to see your assets, partnering with a living trust attorney in Lancaster, PA can get the job done. Living trusts can be kept very private, and they are often much more challenging to effectively contest.

What Are The Advantages of Working With a Living Trust Attorney in Lancaster, PA?

Because trusts and estate planning documents are so critical, it is important to work with the right living trust attorney in Lancaster, PA. We will ensure that all of your documents capture your wishes and reflect them properly. We can also assist with any additional estate planning needs that you might have.

Where Can I Find a Trustworthy Living Trust Attorney in Lancaster, PA?

Bellomo & Associates, LLC is proud to be an experienced living trust attorney in Lancaster, PA. We know how stressful the estate planning process can be, so we simplify the process and work hard to get your documents prepared in an efficient fashion. We have assisted local residents in transferring their assets and completing the estate planning process for over a decade, and we work hard to keep our great reputation in the community. We are both compassionate and effective. To schedule your initial consultation or learn more, call us today at (717) 845-5390.