Trusts are estate planning documents that can supplement wills, or stand on their own. These contracts are used to manage money and other assets, and can be utilized during life, as well as after one’s death. There are many different advantages of making a trust, which is why many people choose to incorporate one into their Eugene estate plan. Here at the law office of Megan Amelung, our Eugene estate planning and trust attorney, has the experience and attention to detail that it takes to craft trust documents with ease, and we can guide you through the process with confidence. You can have a trust in place to provide for your children, give to charity, manage a business, settle debts, and many other things.
In essence, a trust is created when a trustmaker/trustor (you) transfers ownership of some property to a trustee, who handles these assets on behalf of a beneficiary. The legally-binding trust document outlines the details of such an arrangement, so you can rest well knowing your assets are in good hands, and will be given to the right people (or institutions) at the right times.
Sometimes, upon hearing the word “trust,” people think of “trust funds” and the stereotypes surrounding that term. However, trusts are not just for the wealthy. Anyone can take advantage of this important document, regardless of income or employment. A trust is simply a way to manage your money, while avoiding things like estate and gift tax burdens, probate, and other hassles.
If you’re curious as to whether a trust would be useful for your situation, or if another document would serve you better, Megan Amelung is here to answer your questions. Oregon estate planning is our passion! Reach out for your free consultation today. We proudly serve: Douglas County, Lane County, Coos County, Benton County, Lincoln County, Deschutes County, and Linn County.