Living Trusts

Create a lasting legacy for your heirs with a living trust
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Living Trusts Attorney In Johnson City, Tennessee

What Is A Living Trust?

Living trusts are unique tools for estate planning that you can establish and fund while you're still here among your loved ones. Unlike testamentary (contingent) trusts which only take effect after your departure, a living trust is a cost-effective and efficient method to ensure the well-being of your heirs, bringing you ultimate peace of mind. As long as you are still with us, you maintain total control over the assets within your trust, as if they were still under your name. This means that you can make changes, add or remove assets, and even revoke the trust altogether if you wish.


One of the main benefits of a living trust is avoiding probate. Probate is a legal process where the court oversees the distribution of your assets after your death. It can be time-consuming, expensive, and stressful for your loved ones. With a living trust in place, your assets are already designated to your beneficiaries and will not have to go through probate.


Additionally, a living trust can provide privacy for your family. When a will goes through probate, it becomes a public record which anyone can access. This means that all of your personal and financial information will be available to the general public. However, with a living trust, the distribution of your assets can remain private and only be known to your chosen beneficiaries.



Get in touch with Todd Hull, a dedicated estate planning law attorney based in Johnson City, Tennessee to learn more about the benefits of living trusts.

Call Todd Hull Law PLLC at 423-430-8900 to schedule a consultation with a lawyer today.

What Benefits Do Living Trusts Provide to My Heirs?

Living trusts assist in meeting your children’s or other heirs’ necessities without stepping into the intricate process of probate. Probate procedures can be expensive and lengthy, sometimes stretching into months or even years. If your heirs reside at a distance, the paperwork can be exceedingly cumbersome. Living trusts can potentially help reduce your heirs’ tax liability, removing financial stress at a moment when their priority should be mourning and healing. To explore more about how living trusts work, schedule an appointment with Todd Hull, a dedicated practitioner of Estate Planning Law based in Johnson City, Tennessee.

Does a Living Trust Benefit Me Now?

As well as maintaining full control over the assets you put into the trust, a living trust can accommodate your needs should you face a disability. Absent a living trust or financial power of attorney, the probate court might dictate how your family looks after you. However, with a living trust, you have the option to designate a trustee – often a family member or trusted friend – to manage your assets if you become disabled. A living trust is revocable, allowing you to easily adjust the terms or even fully revoke it as your circumstances evolve. It stands as one of the simplest yet formidable methods to ensure that the ones you care about have control over your assets when you are unable to.


Discover the tranquility that accompanies a living trust. Discuss your requirements in a consultation with Todd Hull, your dedicated Estate Planning Law attorney in Johnson City, TN.

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