At Drummond Wehle Yonge LLP, trusts are an important part of the comprehensive estate planning and wealth preservation services we provide individuals and families in the Greater Tampa area.
Trusts are crucial tools for avoiding probate, reducing the chances for disputes, preserving assets, minimizing taxation and fees, and passing on assets to the next generation. We work closely with our clients to identify their options and, based on their specific needs and goals, establish trusts such as:
Revocable (living) trusts
Special needs trusts
Spendthrift trusts
Irrevocable trusts
Trusts are not only a profound testamentary disposition document, but also an effective incapacity document. A trust can name a successor trustee who can step in and manage trust assets in the event of incapacity.