How do family trusts work?
A family trust is sometimes called a revocable trust. John H. Ruby & Associates can set up whichever kind of trust you need to maximize your assets and fulfill your wishes.
Can I still control my assets?
A family trust keeps you in total control of your property until you pass. Other types of trusts may not.
How is a living or family trust fund different than a will?
Family trusts avoid probate and can control the use of funds after you pass.
What if someone tries to contest my living trust?
A Louisville family trust is almost impossible to contest, because the party contesting the trust has to meet a very difficult standard of evidence. The assets of the trust may be distributed before the case is decided.
What is a successor trustee?
A successor trustee is the person you name to manage your trust after you pass. You can name more than one successor trustee. Contact the law offices of John H. Ruby to learn more about the responsibilities of this role.
Why can’t I just give my assets to my family before I die?
You can, but that does not guarantee you have made a legal gift that avoids unpleasant tax consequences for them. A family trust lets you retain the benefits of your assets while you are alive and may diminish any later tax effects.
How does a Louisville trusts lawyer make recommendations for my estate?
The lawyers at John H. Ruby & Associates recommend family trusts to clients that have specific assets and specific wishes. A family trust fund in Louisville is the right solution for many people, but John H. Ruby & Associates advises if a legal will or other will alternative may be better for you.