A testamentary trust enables you to pass assets to a loved one while legally avoiding or minimizing inheritance taxes, and to control how your assets are managed and distributed after your death.
Attorney Jennifer Rydberg can provide the affordable, comprehensive estate planning services you require. Jennifer has more than 36 years of experience in estate planning. She can advise clients on how to structure trusts for maximum advantage and compliance with Washington state laws. To schedule an initial consultation with Jennifer, call 425-235-5535 to reach her law office in Kent, Washington.
Estate planning is a proactive and cost-effective way to protect your assets and your family. Jennifer Rydberg offers a wide range of estate planning services for clients of all economic means. Affordable estate planning services in the Seattle metro area are just a phone call away.
What is a Testamentary Trust?
A testamentary trust is a trust created within a will and does not take effect until you die. Once you die, the appointed trustee, usually the surviving spouse, directs that your wishes be followed in administering the trust to its beneficiaries. This may include credit shelter trusts (also known as marital deduction trusts, A-B trusts or exemption equivalent trusts), and can also include special-needs trusts, trusts for minor beneficiaries and marital trusts.
Jennifer C. Rydberg will take the time to discuss your estate planning goals and whether a testamentary trust makes sense for your situation. Trusts are commonly used by people who want to:
- Control assets after they pass
- Limit property that is subject to probate
- Plan for blended families
- Provide for their children (biological, adoptive or stepchildren)
- Provide for the needs of a spouse
- Take advantage of inheritance and estate tax exemptions
Although the beneficiaries of the trust have an interest in it, the trustee is the manager of the property owned by the trust. The trustee has the power to:
- Control the management of trust assets
- Distribute trust assets in accordance with trust directives
- Make decisions about the investment of trust assets
Selecting a manager of your trust is a serious matter. Make sure your loved ones are properly cared for after your death with the help of an experienced estate planning lawyer.
Learn More in a Consultation with a Lawyer
To speak with a Seattle testamentary trusts attorney, contact Jennifer Rydberg. For assistance, call 425-235-5535 or contact her by email.