Revocable Trust Attorney Rock Hill SC

Protect Your Assets Through With The Help of a Revocable Trust Attorney

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Revocable Trust Lawyer Attorney
in Rock Hill, South Carolina

At Ligon Business & Estate Law, we often recommend revocable trusts as a valuable estate planning tool for our clients. A revocable trust, also known as a living trust or inter vivos trust, is a legal arrangement you establish during your lifetime to manage your assets.

Key features of a revocable trust include:

  • Control and Flexibility: As the grantor of the trust, you retain control over the assets and have the flexibility to make changes or dissolve the trust if your circumstances change.
  • Probate Avoidance: Assets held in the trust bypass probate upon your passing, which can save time, reduce costs, and maintain privacy for your loved ones.
  • Incapacity Planning: A revocable trust ensures continuity of asset management if you become incapacitated. You can name a successor trustee to take over the trust administration.
  • Privacy: Unlike a will, which becomes a public record during probate, the terms of a revocable trust remain private.

As part of our estate planning services at Ligon Business & Estate Law, we work closely with clients to create customized revocable trusts that align with their goals and wishes. If you’re interested in exploring how a revocable trust can benefit your estate plan, please contact us for a consultation. We’re here to help you protect your assets and plan for the future with confidence.

Protect What Belongs to You

Types of Revocable Trusts

Each of these trusts serves different purposes and can be customized to fit your unique situation. If you’re interested in exploring which type of revocable trust is right for you, let’s chat! Here are some key trusts we work with:

  1. Basic Revocable Trust: This is your standard revocable trust where you maintain full control over your assets during your lifetime. You can make changes or revoke the trust whenever you need to.
  2. Joint Revocable Trust: If you’re married, a joint revocable trust is a great option. Both spouses are co-grantors and co-trustees, making it easier to manage shared assets and plan for the future together.
  3. Pour-Over Will Trust: This trust works hand-in-hand with a pour-over will. It ensures that any assets not already in the trust at your passing are transferred into the trust and distributed according to your wishes.
  4. Revocable Life Insurance Trust (RLIT): If you have life insurance policies, an RLIT can help manage the proceeds outside of probate, ensuring they go where you intend them to.
  5. Revocable Income Trust: This type of trust holds income-producing assets like rental properties or investments. You receive income during your lifetime, and the assets are distributed according to your instructions after your passing.
  6. IRA Revocable Trust: Specifically designed for IRAs, this trust gives you more control over how your retirement account assets are distributed to your beneficiaries.

Contact us at Ligon Business & Estate Law for personalized guidance tailored to your needs.

Practice Areas

Whether we are updating your entire estate plan, growing it, or editing only a few provisions of documents you already have in place, I’ll work with you to make sure everything works together.

I have helped auctioneers in Georgia and South Carolina deal with a wide range of issues, from contract and term sheet reviews to assessing the risk of a threatened lawsuit succeeding.

Owning a business is not an easy venture to accomplish. While you can be successful in your endeavors, protecting your business may prove to be more challenging without an experienced business attorney in Rock Hill SC.

After years of hard work, planning, and success, it is time to retire from your position as the owner of your company. There are a lot of decisions that will have to be made when you decide to create a business succession plan.

A comprehensive and fully integrated estate plan minimizes the burden on family and friends by proactively addressing the areas of potential confusion or conflict.

Whether we are updating your entire estate plan, growing it, or editing only a few provisions of documents you already have in place, I’ll work with you to make sure everything works together through proper family farm planning.

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Ligon Business & Estate Law
Mailing Address
  • PO Box 4125,  Rock Hill, SC 29732

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