Trust Services
At Skufca Law, we understand the importance of trust in every aspect of your life, from safeguarding your assets and protecting your loved ones to planning for the unexpected. Our comprehensive trust services are designed to address a wide range of needs, from the basic to the most complex. Explore our trust solutions to find the one that best fits your unique circumstances.
Revocable Trust Package
Our Revocable Trust Package is a comprehensive estate planning tool that can provide peace of mind for individuals and families alike. It includes the following essential components:
Pour-Over Will
This is a simple will that serves only to ensure any assets not already transferred into your trust during your life are "poured over" into the trust upon your death. This ensures that all of your estate is ultimately administered by your trust.
Revocable Trust
A revocable trust--or living trust--allows you to manage your assets during your lifetime and seamlessly transfer your possessions to your beneficiaries upon your passing, avoiding the need for probate for the items in the trust. Unlike a will, a trust is administered privately, so there is no public record of your beneficiaries and their inheritance.
Durable Power of Attorney (POA)
A durable power of attorney allows you to designate a person you highly trust to manage your personal, financial, and business affairs with the same power and authority as if the individual were you. A good POA will allow your selected agent to step into any situation and handle it on your behalf if you are unable to do so.
Health Care Power of Attorney (HCPOA)
A health care power of attorney designates a person of your choosing to make health care related decisions for you in any given situation where you are unable to make them yourself. These decisions can range from decisions about surgery, the administration of certain medicines, or the removal of life support measures.
Living Wills
A living will pairs with a HCPOA and allows you to give specific directions for certain health care decisions. These are namely decisions about end-of-life care and life support measures.
Our Revocable Trust Pack is an excellent choice for those seeking a well-rounded estate planning solution that covers both financial and healthcare aspects.
More Complex Trusts
For individuals with more intricate estate planning needs, we can work with you and your financial planner to provide a range of trusts, including:
Irrevocable Trust
This type of trust provides enhanced asset protection and tax benefits and is often used for specific estate planning goals such as minimizing estate tax liability.
Medicaid Trust
When established sufficiently in advance of your Medicaid needs, a Medicaid Trust, or Medicaid Asset Protection Trust (MAPT), can protect your assets while ensuring Medicaid eligibility for long-term care.
Asset Protection Trust
This shields your assets from creditors, legal claims, and other threats with an asset protection trust, helping you preserve your wealth for future generations.
Special Needs Trust
Similar to a Medicaid trust, a special needs trust (SNT) houses assets to provide for the care and support of a disabled beneficiary while protecting their eligibility for government benefits.
Gun Trust
A gun trust is a specialized trust designed for the legal ownership and transfer of firearms. It works to ensure and provide guidance for compliance with federal and state laws with the transfer of firearms upon your death.
Contact the Firm
Contact us today at 704-376-3030 to explore how our trust services can assist you with your estate plan.