What is a trust? Is it something every Louisiana resident should consider having? How does one create a trust? These are all questions that will briefly be discussed here. A probate law attorney can provide more in-depth answers to those who want to know more.
Question number one: What is a trust? This is simply one of many estate planning tools available to Louisiana residents. There are a number of trusts available, all of which work to protect assets and ensure beneficiaries receive their inheritances. By placing assets in a trust rather than transferring them to a will, it may be possible to avoid probate and allow beneficiaries quicker access to the assets.