Are you looking for an experienced and knowledgeable attorney to help you plan your estate and create a public trust in Wisconsin? Look no further than Heritage Law Office. Our team of attorneys specializes in estate planning and can help you create a trust that meets your needs and protects your assets.
What is a Public Trust?
A public trust is a legal entity that holds assets for the benefit of a specific group of people or the public in general. These trusts are often established for charitable purposes, such as funding research or supporting a particular cause. However, they can also be used for other purposes, such as managing assets for a family or group of individuals.
In Wisconsin, public trusts are governed by state law, which outlines the requirements for establishing and managing these trusts. A public trust must have a clear purpose, a designated trustee, and a plan for managing the assets held by the trust. Additionally, the trust must comply with all applicable laws and regulations.
Creating a Public Trust in Wisconsin
If you are considering creating a public trust in Wisconsin, it is important to work with an experienced attorney who understands the legal requirements and can help you navigate the process. At Heritage Law Office, we have extensive experience creating trusts for our clients and can help you establish a trust that meets your needs.
When creating a public trust, we will work with you to identify your goals and determine the best way to structure the trust to achieve those goals. We will also help you select a trustee who can manage the assets held by the trust and ensure that the trust complies with all legal requirements.
Once the trust is established, we will help you transfer assets into the trust and provide ongoing support to ensure that the trust is managed properly. We can also help you make changes to the trust as needed and provide guidance on how to distribute assets from the trust.
Benefits of a Public Trust
There are many benefits to creating a public trust in Wisconsin. One of the primary benefits is the ability to manage assets for a specific purpose, such as funding research or supporting a charitable cause. Additionally, a public trust can provide tax benefits for both the donor and the beneficiary.
Another benefit of a public trust is that it can help protect assets from creditors and lawsuits. Because the assets are held in a separate legal entity, they are not considered part of the donor's personal assets and are therefore protected from creditors and lawsuits.
Finally, a public trust can provide peace of mind for the donor, knowing that their assets are being managed in a way that supports their goals and values.
Contact a Public Trust Attorney in Wisconsin
If you are considering creating a public trust in Wisconsin, contact Heritage Law Office today. Our experienced attorneys can help you navigate the process and create a trust that meets your needs. Contact us either online or at 414-253-8500 to schedule a free consultation today.
Cities in Wisconsin where our services are offered:
- Green Bay
- Eau Claire
- Elm Grove
- Fox Point
- Whitefish Bay
- And more...
Please note that we also offer remote, phone, and online appointments, so you can receive our services wherever you are.