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Trusts

Trust Lawyer in Carmel, Indiana

One form of estate planning and asset protection is the establishment of a trust. The creation of a trust is an effective way to protect you, your loved ones, and your assets. At Knowles & Associates P.C. in Carmel, Indiana, we can help you determine the guidelines that govern the trust and begin the processes of funding the trust.

There are many different types of trusts that are designed to accomplish different goals. By assessing your situation, discussing which assets you would like to place in the trust and how you would like to distribute specific assets, we can effectively assist you in determining the best type of trust for you. Below are just some of the types of trusts that we create:

  • Living trusts. These can be altered if your life circumstances change.
  • Revocable trusts
  • Irrevocable trusts
  • Simple trusts
  • Testimentary trusts
  • Complex trusts
  • Special needs trusts for individuals
  • Private foundation trusts
  • Charitable lead trusts
  • Charitable reamainder trusts
  • Life insurance trusts
  • Self settled special needs trusts
  • Credit trusts (Credit shelter trusts)
  • Generation skipping transfer trusts
  • International offshore wealth preservation trusts

Have Children, Have a Trust

From our experience we have discovered that it is important that every couple who has children establish a trust. However, since many couples do not know exactly what a trust is and what it is intended to do, they are under the impression that they do not need one. A trust is an enduring way to protect your children and their assets. The alternative, a guardianship, is more expensive to administer, is restrictive, and terminates at age 18. With a trust, you can set the guidelines to ensure your children’s futures.

Contact an Indianapolis trusts attorney at the office of Knowles & Associates P.C. to learn more about trusts and how establishing a trust may be in your best interests. We offer initial consultation and are able to make flexible appointment times and locations for existing clients.

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