Trusts can be used by anyone, regardless of net worth, to insulate assets from probate, pass on values, minimize taxes and streamline estate administration. Within two broad categories of trusts, revocable and irrevocable, you will discover a great deal of flexibility in setting up how your trust functions. As the name suggests, a revocable living trust can be modified or revoked at any time during your life and for any reason. With irrevocable trust options, you do not retain control over the transferred assets.

A Revocable Living Trust Protects Estates Of All Sizes

Regardless of the size of your estate, a revocable living trust can spare you and your loved ones time and money. When you set it up, you typically name yourself as the trustee and beneficiary. When you pass, however, the trust becomes irrevocable and the successor trustee assumes control. The new trustee will distribute the assets in the trust pursuant to the written trust documentation, all without the need for probate.

Finding The Trust That Is Right For You

At our first estate planning conversation with you, we will inquire about the values that are important to you. Do you want your children to receive most of your assets in a single payment, in installments or only for specific reasons? Perhaps you have a preferred charity that you would like to support. A trust can help you achieve all of these goals. When you come to us, we will help you identify the people and organizations you care about will be taken care of after your passing. Each trust offers unique benefits, such as insulation from creditors or providing for the care of disabled or minor children.

We Help You Avoid Common Estate Planning Mistakes

When we find a trust that fits your goals, we ensure that you meet all of the state-specific requirements. The trust document has no practical effect unless you also fund the trust. We will help you identify the assets that you want to change title to the name of the individual serving as trustee of your trust.

Contact An Experienced Trusts Attorney

We have the experience to find the trust that is right for you. We are also conveniently located in Honolulu and offer a free initial consultation. Complete our online contact form or call 808-587-7700 to get answers to your estate planning questions today.

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Naomi Hirayasu Attorney at Law LLLC
1188 Bishop Street
Suite 604
Honolulu, HI 96813

Phone: 808-587-7700
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