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Trusts Attorneys in Berks County, PA

There are many estate planning tools that can help you plan for the future and exercise control over how your assets are distributed after your death. One of these tools is a trust. At Curran Estate & Elder Law, PLLC, our trusts attorneys in Berks County, PA, provide skilled and compassionate representation to clients throughout Berks County and neighboring counties.    

We help individuals and families determine the best tools to use in their estate plans and ensure that their trusts are properly set up. Our estate planning attorneys handle trust litigation and other types of trust-related matters, regardless of how complex they are. Get the guidance you need by reaching out to our team. 

Overview of Trusts   

A trust is a fiduciary agreement between a trustor and a trustee. The person who creates a trust is known as the trustor, while the trustee is a person/entity that holds and administers assets for the benefit of a third party (beneficiary). A trust document outlines the instructions for the management and distribution of assets held in a trust.  

Trusts can be categorized into revocable and irrevocable. Revocable trusts can be modified or revoked at any point during the trustor’s life. Irrevocable trusts, on the other hand, cannot be changed or revoked.  

Each type of trust serves a different purpose and has its own advantages and disadvantages. To be effective, a trust must be carefully drafted and implemented. You’ll need the assistance of a knowledgeable attorney to set up a trust that meets your specific needs and goals.  

The Process of Creating a Trust  

Setting up a trust involves the following steps: 

  1. Choose the right type of trust to meet your long-term goals and financial needs 
  2. Determine which assets to move into the trust 
  3. Name the trustee who will manage the trust 
  4. Create a trust document with the help of an experienced trusts attorney 
  5. Get the document notarized 
  6. Transfer assets into the trust 

A skilled trusts attorney will guide you through the process of creating a trust. An attorney will help you navigate the complexities of estate planning and protect your best interests when setting up a trust.  

Why You Need a Trust 

There are many reasons to create a trust. In fact, setting up a trust can be beneficial for all adults regardless of their age, the size of their estate, their wealth, and other factors. Some of the benefits of having a trust include: 

  1. Have peace of mind. With a trust, you can have peace of mind knowing that your assets will be distributed to beneficiaries according to your wishes.  
  2. Avoid probate. Assets held in a trust can bypass the time-consuming and costly probate process, which is one of the primary reasons people set up trusts.  
  3. Control how distributions are made. Having a trust allows you to control when, how, and to whom distributions are made. For example, a trust can include a provision instructing the distribution to be made when a beneficiary reaches a certain age.  
  4. Protect yourself in the event of incapacity. The trust document will allow your trustee to manage your assets in the event of your incapacity.  
  5. Privacy. Trust administration does not become a public record. Wills, which need to be probated, become a matter of public record.  

These are not the only benefits of establishing a trust. Having a trust can help you achieve many other goals. If you are considering creating a trust, our trust attorneys at Curran Estate & Elder Law, PLLC, can help. We are dedicated to helping clients make well-informed decisions when choosing the right type of trust, drafting a trust document, and selecting a trustee.  

Choosing a Trustee of Your Trust 

Before you begin choosing a trustee of your trust, you need to understand the duties of trustees. Some of the duties include observing the terms of the trust, distributing assets correctly and according to the trustor’s instructions, and managing the trust efficiently. Trustees hold trust assets for the benefit of a third party (beneficiary). Beneficiaries are individuals or entities named by the trustor who inherits the assets held in the trust.  

There are several things to consider when choosing a trustee: 

  • Time. A trustee should be prepared to devote a considerable amount of time to performing their duties and managing the trust. Acting as a trustee involves a lot of hard and time-consuming work.  
  • Trustworthy. When choosing a trustee, it is critical to find someone who is honest, trustworthy, and responsible.  
  • Expertise. It makes sense to choose someone with expertise or at least someone who would be willing to work with a skilled attorney to help them avoid errors when managing trust assets and making distributions.  
  • Cost. In most cases, trustees are entitled to payment for performing their duties. How much you are willing to pay should also be considered when choosing a trustee of your trust.  

You will have to make many tough decisions when creating a trust besides choosing a trustee. Reach out to a skilled attorney to help you navigate the process and protect your best interests.

trust attorney

Trusts Attorneys Serving Reading, Pennsylvania

If you have assets you want to protect, consider setting up a trust. Our team of trust attorneys at Curran Estate & Elder Law, PLLC, can help you understand your options and plan for the future. We provide a full range of estate planning services, including those related to trusts. If you live in Berks County or anywhere else in Pennsylvania, schedule a case evaluation with our trust attorneys by reaching out to our office.

A Team That Truly Cares

Our attorneys take pride in helping you make the right decisions for your family and your future.

Schedule time to Talk with our Team Today

Client Success Stories

The staff at Curran did a great job taking care of my fathers needs. The staff were all very friendly and accommodating to his mobility issues and in general were quite good to work with. I would highly recommend Curran for all of your estate planning.
Gerry Foster
Gerry Foster
Rose and company were professional and very helpful with my estate planning. I feel secure for myself and my kids!
wmObe
wmObe
Knowledgeable and professional service and review of the various options that exist for our estate planning needs.
Kathleen Nevel
Kathleen Nevel
Curran Law was exceptionally helpful answering questions about next steps for my aging parents. They were extremely generous with their time.And, their knowledge of elder care was extensive.
Christy Strazzella
Christy Strazzella
Curran Estate prepared an Estate planning portfolio for my husband and I. The staff were very friendly and knowledgeable. They took the time to answer any questions and everything was done in a timely and professional manner.
Rhonda Gartland
Rhonda Gartland
Rose is the best. I continue to recommend Rose, and Curran to everyone. I truly do!!!
Cindy Kurtz
Cindy Kurtz
we were very pleased with all they did , and would have been lost without them. We would recommend them to anyone .
Fred Heckman
Fred Heckman
This law firm helped our family with a complicated situation of one parent in a nursing facility and the other parent living at home. Thank you so much for your help and compassion..
Maidmariondesign
Maidmariondesign
I can not say enough about how thankful my brother and I are for the help we have received from Susan, Lois and Sean for our elderly Aunt. When we first met with them, our Aunt was in the process of moving from an independent living situation into personal care. To our dismay, the care she received after this move was extremely inadequate and bordered on neglect. Susan spent hours helping us find and set up appointments with several other personal care facilities and we were able to move her within a week and a half. Once she was settled in, Lois worked with our Aunt to make sure her will and living will were up to date. Susan and Lois were so caring and patient with both our Aunt and ourselves, they made a very stressful situation much easier to handle. Sean has also been a huge help as we navigate selling our Aunt's property. We have been extremely satisfied with all aspects of guidance and services provided for the care of our Aunt.
Tammy Taylor
Tammy Taylor
Curran Estate & Elder Law, PLLC

1212 Liggett Ave.
Reading, PA 19611

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