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Contact an Iowa estate planning/probate lawyer representing clients in Greenfield, Iowa today to schedule your free initial consultation. |
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Wils and Trusts: Trusts
A trust is a legal entity which transfers property or assets to a manager or “trustee”. The person who creates the trust, or “trustor”, determines how the trust’s proceeds should be distributed and the trustee manages the property for the beneficiary.
- Living Trusts. A trust established during the life of the trustor. It can provide significant tax benefits, and can allow the trustor to avoid estate taxes. A revocable living trust can be changed or ended by the trustor, while an irrevocable trust cannot be ended by the trustor without court action.
- Testamentary Trusts. Testamentary trusts take effect upon the death of the trustor, who can make changes to its details at any time before death. A testamentary trust therefore allows the trustor to maintain close control over their property.
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DISCLAIMER: The information you obtain at our firm web site is not, nor is it intended to be, legal advice. It is recommended that you consult an attorney for individual advice regarding your own situation.
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If you would like to schedule a free initial consultation contact an Iowa family law attorney, representing clients in Greenfield, Iowa at Jungmann & Hughbanks P.C. Give us a call at (888) 366-5107 or email us at info@jungmannlaw.com.
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Greenfield and Van Meter, Iowa Attorneys practicing in Iowa primarily in
Family Law, Real EstateBusiness Organization and Estate Planning & Probate. Lawyers at Jungmann & Hughbanks, P.C. are
dedicated to serving their clients in Iowa, including the cities of
Greenfield, Van Meter, Adel, Des Moines, Ankeny, Johnston, Urbandale, West
Des Moines, Winterset, Guthrie Center, and Creston, and the communities that
make up Adair, Dallas, Polk, Madison, Guthrie, Union, and Cass counties.
© MMVII David L. Jungmann & Amy J. Hughbanks Email: info@jungmannlaw.com Address: 113 W. Iowa St., Greenfield, IA 50849-1301 Phone: (888) 366-5107 The information you obtain at our firm web site is not, nor is it intended to be, legal advice. It is recommended that you consult an attorney for individual advice regarding your own situation. Home I Attorney Biographies I Firm History I Resources I Contact I Practice Areas - Family Law, Real Estate, Business Organization & Estate Planning/Probate Iowa Will Trust Attorney Greenfield Estate Planning Probate Adair County Lawyer |