Frequently Asked Questions

A Spendthrift Trust is a type of trust designed to protect assets from creditors and prevent beneficiaries from making unwise financial decisions. It restricts the beneficiary's access to the trust principal and limits creditors' ability to claim trust assets.

The cost varies depending on the complexity of your situation and the size of your estate. During your free consultation, we'll provide a detailed quote tailored to your specific needs. Our pricing is transparent with no hidden fees.

Typically, the entire process takes 4-8 weeks from initial consultation to final implementation. This includes strategy development, legal documentation, and education on trust management.

Yes, the trustee can make distributions according to the trust terms. We structure trusts to provide flexibility while maintaining protection. You can receive regular distributions for living expenses, education, healthcare, and other needs.

While there's no strict minimum, Spendthrift Trusts are most beneficial for families with assets of $300,000 or more, or annual incomes exceeding $150,000. We'll help you determine if it's the right solution for your situation.

Assets properly transferred into a Spendthrift Trust are generally protected from creditors because the beneficiary doesn't have full control over the assets. This makes it difficult for creditors to attach claims to trust property.

It depends on whether the trust is revocable or irrevocable. We'll help you choose the right structure based on your needs for flexibility versus maximum asset protection. Many clients use a combination of both types.

The trust continues according to the terms you established, distributing assets to your designated beneficiaries. This allows for smooth wealth transfer without probate, potentially saving time and money for your heirs.