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Louisiana Irrevocable Trusts Attorney
Helping Clients Protect Their Assets in Louisiana
If you have a large estate, you may want to consider creating an irrevocable trust. This is a type of trust that cannot be revoked. It is a good option for those who want to pass on their assets to the people they love while protecting their assets from creditors.
At Grand Law Firm, we can help you create an irrevocable trust or update an existing one. We can also help you if you are concerned about the potential for creditor lawsuits as you go through bankruptcy proceedings.
Our bankruptcy attorney can advise you on the best course of action for your unique situation.
What Is an Irrevocable Trust?
An irrevocable trust is one that cannot be revoked, changed, or terminated. It is often used to pass on assets to beneficiaries while providing them with protection from creditors.
There are a number of types of irrevocable trusts, including:
- A living trust: This is a type of irrevocable trust that is used to manage a person's assets while they are alive.
- A testamentary trust: This is a type of irrevocable trust that is used to manage a person's assets after they pass away.
- A charitable trust: This type of irrevocable trust is used to give a person's assets to a charity after their death.
- A marital trust: This is a type of irrevocable trust that is used to protect the assets of a spouse from creditors during and after a divorce.
How Can an Irrevocable Trust Help Me?
An irrevocable trust can be a useful tool for those who have a large estate or those who want to protect their assets from creditors. For example, if you are going through bankruptcy, an irrevocable trust can protect your non-bankruptcy assets from your creditors. This allows you to focus on getting your finances in order while ensuring your non-bankruptcy assets are protected.
An irrevocable trust can also be useful if you want to pass on your assets to your loved ones after you die. This is especially true if you have a large estate and want to ensure your loved ones are protected from creditors.
Our Irrevocable Trust Lawyers in Baton Rouge
Our attorneys at Grand Law Firm have years of experience creating and updating irrevocable trusts. We can help you create an irrevocable trust that meets your specific needs. We can also help you if you are concerned about the potential for creditor lawsuits as you go through bankruptcy proceedings.
When you work with our firm, you can rest assured that we will work hard to protect your interests and your assets. Contact us today to learn more about our irrevocable trusts services.
To learn more about how we can help you create an irrevocable trust or update an existing one, contact us online or call our Louisiana irrevocable trust lawyers at (225) 314-8883.
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