Trusts

Whether you have a substantial or a moderate amount of assets, you might want to consider establishing a trust for your beneficiaries. This is a valuable way to set aside assets for your loved ones and help them bypass the probate process.

At Byron Carlson Petri & Kalb, LLC, we offer a portfolio of estate planning solutions including comprehensive trusts. We are committed to customizing our services based on what you and your family would benefit from the most.

During an initial consultation, we will work with you to identify the most effective type of trust for your family based on your needs and long-term goals. You can feel confident that we will not try to pad your estate plan with unnecessary services. Our top priority is to protect your family from probate, while minimizing estate taxes. Contact our law firm today to learn how establishing a trust can position your family well for the future.

Offering Trust Services Tailored to Meet Your Individual Needs

A key part of our estate planning practices includes our trust services. We have the skills and experience level to help you identify the type of trust that would align well with your plans. During an initial consultation, we will address the benefits of drawbacks of a wide range of trusts, such as:

  • Revocable trust: This type of trust is designed to allow the individual who set up the trust to remain in complete control. If you decide to establish a revocable trust, you be will able to make changes to the trust as long as you live. This is a valuable way to set aside assets for your minor children to inherit once you pass away without worrying about probate.
  • Irrevocable trust: Unlike a revocable trust, an irrevocable trust cannot be modified once it has been established. Our law firm recommends creating an irrevocable trust for specific purposes such as Medicaid planning or gifting of assets. Once you have established an irrevocable trust, you would need to name a trustee to control the assets in the trust.
  • Charitable trust: Our legal team is available to help you establish a charitable trust so assets can be reserved for a charity of your choice. Any assets in a charitable trust would avoid going through probate and would not be subject to certain estate taxes.
  • Special needs trust: We have an extensive background establishing special needs trusts for clients with children who have mental or physical disabilities. Through a special needs trust, you can preserve your loved one's eligibility for Medicaid, Supplemental Security Income and Social Security Disability Income.

Edwardsville Special Needs Trust Attorneys

Whether you are interested in establishing a special needs trust or a charitable trust, we have the skills and legal resources to preserve your intentions. Contact our law firm online or call 618-307-4054 today to schedule a consultation with a highly skilled St. Louis trust lawyer. Our law office is conveniently located in Edwardsville near the courthouse.