Omaha Trust Setup Lawyer: Protecting Your Assets and Your Legacy

Setting up a trust is a powerful way to protect your assets, manage your wealth, and ensure that your wishes are carried out both during your lifetime and after your passing. At Olson Legal Services LLC, we specialize in helping clients establish trusts that provide financial security and peace of mind. Jared Olson, a knowledgeable Omaha trust setup lawyer, offers personalized legal guidance to ensure that your trust is tailored to your unique needs and goals.

What is a Trust?

A trust is a legal arrangement where one party, known as the trustee, holds and manages assets on behalf of another party, known as the beneficiary. Trusts can be used for a variety of purposes, including asset protection, estate planning, and charitable giving. The person who creates the trust is known as the grantor or trustor.

Types of Trusts We Can Help You Set Up

At Olson Legal Services LLC, we offer assistance with setting up a variety of trusts to meet your specific needs:

• Revocable Living Trust: A revocable living trust allows you to maintain control of your assets during your lifetime while providing for a smooth transition of those assets upon your death. It also helps your estate avoid the costly and time-consuming probate process.
• Irrevocable Trust: Unlike a revocable trust, an irrevocable trust cannot be modified or revoked once it is established. This type of trust is often used for asset protection, tax planning, and ensuring that assets are managed according to your wishes.
• Special Needs Trust: A special needs trust is designed to provide for a loved one with disabilities without affecting their eligibility for government benefits. This ensures that your loved one receives the care and support they need.
• Charitable Trust: If you wish to leave a portion of your estate to charity, a charitable trust allows you to support your favorite causes while potentially receiving tax benefits.
• Testamentary Trust: A testamentary trust is created as part of a will and only takes effect upon your death. It can be used to manage the distribution of assets to beneficiaries, particularly minors or those who may not be ready to manage their inheritance.

Why Set Up a Trust?

Establishing a trust offers several benefits:

• Avoid Probate: Trusts allow your estate to bypass the probate process, saving time and reducing legal fees for your heirs.
• Protect Privacy: Unlike a will, which becomes public record after your death, a trust keeps your estate matters private.
• Manage and Protect Assets: Trusts provide a way to manage and protect your assets during your lifetime, especially if you become incapacitated, and ensure that they are distributed according to your wishes after your death.
• Provide for Loved Ones: Trusts can be tailored to meet the specific needs of your beneficiaries, such as providing for minors, individuals with special needs, or family members who may need financial oversight.

Why Choose Jared Olson as Your Omaha Trust Setup Lawyer?

• Extensive Experience: Jared Olson has extensive experience in trust law, providing Omaha residents with expert legal advice on establishing and managing trusts.
• Personalized Service: Every client’s needs are different. Jared Olson takes the time to understand your unique situation and create a trust that meets your specific goals.
• Dedicated Support: Setting up a trust can be complex. Our firm offers dedicated support throughout the process, ensuring that you feel confident and informed every step of the way.