Revocable Living Trusts

Manassas Revocable Living Trust Lawyer

Trusts can be created for a variety of reasons. When a trust is created, the person who establishes the trust is called the Maker or Grantor. The trust which is created is a separate legal entity from the Grantor. Once the trust document is created, the Grantor will transfer ownership of some or all of his property into the Trust.

Manassas Trust Lawyer

What is a Revocable Living Trust?

In the estate planning arena, a Revocable Living Trust is frequently established to avoid the probate process. A Revocable Trust can be revoked at any time by the Grantor. Assets or property transferred to the trust are not part of the Grantor’s probate estate at his death and are not subject to the probate process in Virginia.

A Revocable Living Trust can also be used to help plan for the disability of the Grantor. The Grantor of the Trust can select a trusted person who will have the authority to take care of the Grantor’s financial affairs in the same way the Agent under the Power of Attorney would do. The Grantor can establish the conditions under which the Agent would be able to act. The Grantor can select successor agents in the event the primary agent is not available. It is important that the selection of an Agent under the Trust be coordinated with the selection of the Agent under a Power of Attorney.

Special Needs Trusts in Virginia

Family Members who have been providing care or support for a child or other loved one want to know how that care will be provided when they are no longer able to provide it. Often, the loved one is receiving public benefits such as Supplemental Security Income (SSI) or Medicaid, which benefit eligibility could be lost if money is given directly to the loved one. A Special Needs Trust permits your loved one’s public benefits to continue while contributions to the Special Needs Trust provide for his other or special needs.

Benefits of a Revocable Living Trust

There are a number of benefits that come with creating a revocable living trust in Virginia. These include:

  • Control and Flexibility: You can modify or revoke your trust as your circumstances or wishes change.
  • Avoid Probate: Help your heirs bypass the lengthy and public probate process, facilitating a smoother transition of assets.
  • Privacy and Security: Keep your estate matters private and secure from public scrutiny.
  • Peace of Mind: Rest easy knowing your estate is planned and your loved ones are taken care of according to your precise directions.
Manassas Revocable Living Trust Attorney

Secure Your Legacy with a Revocable Living Trust

Understanding and setting up a Revocable Living Trust can be a crucial step in managing your estate and ensuring your legacy is preserved according to your wishes. At Manassas Law Group, our skilled Manassas estate planning attorneys are dedicated to helping you create a comprehensive and personalized trust plan that aligns with your goals and provides peace of mind for the future.

Why Choose Manassas Law Group for Your Revocable Living Trust?

At Manassas Law Group, our attorneys specialize in Virginia estate law, offering expert advice on creating and managing revocable living trusts. We understand that every individual’s situation is unique, which is why our team provides customized trust solutions that reflect your specific needs and objectives.

When you partner with an estate planning attorney at MLG, we will help demystify the legal jargon and complexities associated with estate planning, making the process clear and straightforward. Our goal is to ensure your assets are managed and distributed according to your wishes, providing security for you and your loved ones.

Start Planning Today – Call the Manassas Revocable Living Trust Attorneys at Manassas Law Group

Don’t wait to secure your legacy and protect your loved ones. Contact Manassas Law Group to learn more about how a Revocable Living Trust can be a key component of your estate plan. Our team is ready to provide you with the guidance and support you need to make informed decisions about your future. 

You can reach us by phone at 703-361-8246 or via our online intake form.