Living Trusts - Louisville

Feb 23, 2018
About Us

Welcome to Ballard & Tronzo Bookkeeping-Tax Service, your trusted source for professional assistance with living trusts in Louisville. Our team of experienced professionals is dedicated to helping individuals and families effectively plan and manage their estates through the establishment of living trusts.

What are Living Trusts?

A living trust, also referred to as a revocable trust or inter vivos trust, is a legal document that allows you to place your assets into a trust during your lifetime and designate beneficiaries who will receive those assets upon your death. Unlike a will, which goes through probate, a living trust can avoid the lengthy and costly probate process, ensuring a smoother transfer of your assets to your loved ones.

The Benefits of Living Trusts

Living trusts offer several benefits for individuals and families in Louisville:

1. Avoidance of Probate

One of the primary advantages of a living trust is that it allows for the avoidance of probate. Probate is the legal process through which a court validates a will and ensures that a deceased person's assets are distributed according to their wishes. By establishing a living trust, you can bypass probate, saving time, money, and potential disputes among heirs.

2. Privacy

Unlike wills, which become public record upon probate, living trusts provide privacy. Your assets and beneficiaries remain confidential, allowing you to maintain discretion over your estate planning decisions.

3. Flexibility and Control

A living trust provides you with greater flexibility and control over the distribution of your assets. You can amend or revoke the trust at any time, ensuring that your plan aligns with your evolving needs and preferences. Additionally, you can appoint a successor trustee who will manage the trust in the event of your incapacity or death, providing peace of mind that your wishes will be carried out effectively.

4. Continued Management of Assets

Another advantage of a living trust is the ability to maintain control over your assets during your lifetime. As the trustee, you can manage, invest, and utilize your assets for your benefit without the need for court intervention.

How Ballard & Tronzo Can Help

At Ballard & Tronzo Bookkeeping-Tax Service, we specialize in assisting individuals and families in Louisville with the establishment and management of living trusts. Our team of knowledgeable professionals understands the intricacies of estate planning and can guide you through the process with expertise and personalized attention.

Estate Planning Consultation

We offer comprehensive estate planning consultations where we take the time to understand your unique circumstances and goals. Our experienced team will assess your assets, discuss your wishes, and provide tailored recommendations on how to structure your living trust to ensure your intentions are upheld.

Living Trust Drafting and Review

Once we have a clear understanding of your estate planning objectives, we will draft your living trust accordingly. Our thorough approach ensures that your trust includes all necessary provisions and addresses your specific concerns. We will review the trust with you, addressing any questions or concerns you may have.

Trust Administration and Asset Management

As part of our services, we can assist you with the administration and management of your living trust. We will guide you through the funding process, ensuring that your assets are correctly titled and transferred into the trust. Our team can also provide ongoing support in managing and updating your trust as needed.

Probate Assistance

If you are dealing with the probate process for a loved one's estate, our experienced professionals can provide support and guidance. We will help you understand your rights and responsibilities as an executor or beneficiary and navigate the complex probate proceedings with efficiency.

Contact Us for Expert Advice

When it comes to living trusts in Louisville, Ballard & Tronzo Bookkeeping-Tax Service is your trusted partner. We are committed to assisting you in achieving your estate planning goals and providing you with peace of mind. Contact us today to schedule a consultation and discover how our expertise can benefit you and your family.

Bonnie Emahiser
Living trusts are an essential tool for estate planning. 👍 Protect your assets now.
Nov 11, 2023