Trust Attorneys in Baton Rouge
We Can Help You Establish & Fund a Trust
Establishing a trust is an effective way to pass wealth and assets onto future generations. Trusts – both simple and complex – are an excellent way to protect your assets and ensure they are delivered to the proper beneficiaries should you become incapacitated or pass away. Without a trust, your estate is vulnerable to the time-consuming and costly probate process. At Losavio & DeJean, LLC, The Louisiana Elder Law Firm, our Baton Rouge trust lawyers can help you establish and fund the trust that is right for you.
To learn more about trusts, call our full-service estate planning law firm at (800) 835-5864.
Types of Trusts
There are two main categories of trusts: simple and complex. Simple trusts are required to distribute all earned income but cannot distribute its principal. Meanwhile, a complex trust can both accumulate income and distribute funds from its principal. Many people opt for complex trusts because they are often more flexible to your specific needs. A knowledgeable and skilled estate planning lawyer at Losavio & DeJean, LLC, can help you determine which specific trust is right for your situation.
Different types of trusts include:
- Revocable living trust
- Irrevocable trust
- Special needs trust
- Supplemental care trust
- Medicaid protection trust
- Asset protection trust
- Life insurance trust
The needs of your estate and your family will help determine what type of trust you establish. Your estate planning attorney will also discuss your wishes with you and help you identify the people you want to administer and manage your estate. For example, if your primary goal is to avoid probate, your lawyer may suggest a living trust or an irrevocable trust. On the other hand, if you want your assets to go to your children, but you want to protect them from poor decision-making, your attorney may recommend a spendthrift trust where you control the beneficiary’s access to the assets.
Start Estate Planning Today
It is never too late to start thinking about the future. While discussing your end-of-life plans can be difficult, working with a skilled estate planning attorney with specialized knowledge in trusts can help.
At Losavio & DeJean, LLC, our trust lawyers in Baton Rouge are driven to provide clients with compassionate, empathetic, and honest legal counsel. In addition to trusts, we can help you with all aspects of estate planning. When you work with our estate planning team, you can be sure your needs will be put first. We are well-respected in Baton Rouge and often receive referrals from healthcare workers and other attorneys. We even have a registered nurse and case manager on staff.
Complimentary Phone Consultation
Specialized, Experienced, and Compassionate Elder Law Attorney
Over 40 Years of Specialized Experience
Care Manager & Registered Nurse on Staff