Sharping Law

Services • Trusts

Trusts

A flexible tool for avoiding probate, protecting assets, and providing for loved ones on terms you choose.

Adult child speaking with elderly parent

What is a trusts?

A trust is a legal arrangement in which a person (the trustee) holds and manages assets on behalf of someone else (the beneficiary), according to specific instructions you set.

Trusts are powerful estate planning tools because they offer flexibility that a will alone can’t match. They can help avoid probate, provide ongoing support for beneficiaries, protect assets from creditors or lawsuits, and plan for situations where you become incapacitated.

Most importantly, trusts let you set the rules. You decide when and how assets are distributed, who manages them, and under what conditions — even after you’re gone.

Who benefits from a trust?

A trust may make sense if you want to:

FAQ

Common questions about trusts

Do I need a trust if I already have a will?

Not always. Wills are sufficient for many families. Trusts make sense in specific situations — avoiding probate, providing for minor or special needs beneficiaries, asset protection, or maintaining privacy. We’ll help you decide whether a trust is worth the additional cost in your situation.

A trustee should be someone trustworthy, organized, and willing to handle financial responsibility. Many people choose a family member, but a professional trustee or corporate trustee may be appropriate for larger or more complex trusts. We’ll help you think through the right choice.

No. While trusts have historically been associated with wealth, today they’re useful at many income levels — especially for avoiding probate, protecting minor children’s inheritances, or providing for family members with special needs.

An unfunded trust is essentially an empty container. It doesn’t protect or transfer anything. This is the single biggest mistake with DIY trusts. We make sure your trust is properly funded so it actually works as intended.

Considering a trust?

Let’s talk about whether a trust makes sense for your goals and which type would serve you best.