Trust Lawyers and Wills Attorneys in St. Louis
The Behrens Law Firm, LLC is a leading trust lawyer in St. Louis Missouri who can assist you with your estate planning needs. Our firm offers a range of legal tools to allow you to preserve your legacy and plan for your family’s future. Every trust case is unique and we offer each client the personalized attention to help protect assets, form trusts, and plan for the future. The Behrens Law Firm, LLC offers each client leading estate planning counsel in a warm and welcoming environment.
What is the Difference Between a Will and a Trust?
Wills and trusts are both estate planning tools that offer different benefits. Whether you choose between a will or a trust will depend largely on your financial situation. If you are not sure whether to use a will or a trust, you may want to speak to a qualified trust lawyer in St. Louis, Missouri, who can explain the benefits and drawbacks of each option as it pertains to your unique situation.
A will only goes into effect after you pass away, while a trust will be put into effect immediately. A will is used to distribute your property and money after you die, while a trust can distribute money before you die, when you die, or after you die. When you establish a trust, a firm, person, or institution will hold the legal title to your assets. This trustee will then distribute these assets to beneficiaries based on your instructions.
Some individuals set up a trust to avoid probate. Probate is the process by which a will is proven valid in the court. During the probate process, the court determines taxes owed, debts, and then distributes assets as directed by the will. For some individuals, wills can be expensive and can result in a large tax burden being placed on loved ones and inheritors. A trust does not need to go through probate. This can save you and your loved ones money. Some individuals use a trust to protect their privacy. During probate, your property and legacy may be placed on the public record, while a trust keeps these things private. In some cases, a trust can save you money in taxes.
Trusts have limitations, however. For instance, there is no place in a trust for you to explain how debts will be paid, who will care for your children if they are minors, and a trust won’t permit you to transfer property to minor children. However, for minors, a living trust can be used. With a living trust, a trustee manages the minor’s property until the minor comes of age.
A trust lawyer can look at your circumstances and help you with your estate planning needs. Some individuals choose to utilize both trusts and wills to ensure that their legacy is preserved and their children are cared for. Others may decide only to use a trust or only to use a will. Each tool has its limitations and benefits. A trust lawyer in St. Louis, Missouri can help you understand the tools available to you and assist you in developing the best plan to suit your needs. The Behrens Law Firm, LLC is a trust attorney in St. Louis who can help you find the estate planning tools you need to protect your legacy and assets.
What to Expect When Meeting with a Trust Lawyer in St. Louis, Missouri
Estate planning can be overwhelming, but you don’t have to plan alone. A trust lawyer in St. Louis, Missouri can guide you through the process. What should you look for in a trust lawyer? Consider the following:
• Are your questions answered promptly?
• Is your lawyer available at hours that are convenient to you?
• Does your lawyer explain things to you clearly?
• Will your lawyer be available to you and your family in the future should circumstances change?
• Does your lawyer look at your circumstances individually rather than applying a one-size-fits-all approach?
Whether you are setting up a trust or a will, your relationship with your trust lawyer will likely be ongoing. Wills may need to be updated occasionally or as your plans and financial needs change. You’ll want to find an estate planning lawyer with whom you are comfortable. The Behrens Law Firm, LLC prides itself on offering caring, detailed, and compassionate counsel to its clients. We put our clients first. We’re here for you when you need us. We can answer your questions and help you plan for the future. We’ll offer an honest assessment of your situation and help you develop a roadmap going forward.