Meridian Trust Attorney
Speak to a Top Trust Planning Lawyer in Meridian Today
At Foley Freeman, PLLC, our Meridian trust attorney is committed to helping people and families find the right solution for their specific situation. If you have any questions or concerns about the use of a trust as part of an estate plan, we can help. Call us at our Meridian law office or contact us directly online to arrange your confidential consultation with a top Idaho estate planning lawyer.
We Handle the Full Range of Trusts in Meridian, Idaho
Foley Freeman, PLLC, is a boutique law firm that handles estate planning matters in Meridian and throughout the surrounding region. A trust is an estate planning tool that can potentially be an effective way to protect assets and transfer property. We help people and families with all types of trusts. Our Meridian estate planning lawyers have experience with:
- Revocable Living Trust: A revocable living trust allows you to retain control of your assets during life while avoiding probate at death. You can modify or revoke it at any time. However, it does not offer effective asset protection.
- Irrevocable Trusts: An irrevocable trust cannot be altered once established, offering strong protection against creditors and potential estate tax advantages. These trusts remove assets from your taxable estate and can preserve wealth across generations. However, they cannot be easily changed. It is difficult or even impossible to revise them.
- Special Needs Trusts: A special needs trust protects eligibility for government benefits such as SSI or Medicaid while providing supplemental care. It must comply with 42 U.S.C. § 1396p(d)(4) and Idaho’s state-based Medicaid regulations.
- Charitable Trusts: A charitable trust supports one or more qualified nonprofit organizations while offering income or estate tax deductions. These include charitable remainder trusts and charitable lead trusts.
How Our Meridian Trust Planning Lawyer Can Help
Considering setting up a trust as part of your estate plan? The team at Foley Freeman, PLLC can help. We are proud to be leaders in estate planning law. We encourage you to learn more about the firm and contact us directly with specific questions. We are proactive and solutions-focused. Along with other things, our Meridian trust planning lawyer is prepared to:
- Hear your story and answer questions about your rights;
- Gather and organize all supporting financial documents and records; and
- Set up a trust that best protects your rights and achieves your goals.
Trusts in Idaho: Frequently Asked Questions (FAQs)
Do trusts in Idaho need to be registered with the state?
No. Or at least not in most cases. Private trusts are not publicly recorded. However, trustees may be required to provide notice to beneficiaries under Idaho law. Further, if the trust owns real estate, the records with the county registrar generally need to be updated.
What duties does a trustee owe under Idaho law?
Trustees must act in good faith, exercise reasonable care, and act solely in the interest of beneficiaries. A breach of fiduciary duty by a trustee can lead to their removal and potentially even facing legal liability.
Contact Our Meridian, ID Trust Attorney
At Foley Freeman, PLLC, our Meridian estate planning attorney for trusts is standing by, ready to help. Have questions about any type of trust? We are here as an estate planning resource. Contact us right away for your strictly confidential, no obligation initial consultation. From our Meridian law office, we help clients with trusts throughout the region in Southern Idaho.
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Testimonials
Mark Freeman and the Team at Foley Freeman have assisted my family & me with personal and business matters for many years. They have always provided a service that is friendly and welcoming, while implementing a professional, diligent service. They have assisted us with matters such as defense, estate planning, Buy Sell Agreements, liquidation negotiation and purchases, real estate ventures, and lien filings. I would highly recommend the team at Foley Freeman for any of your legal needs.
Show MoreI’ve had the pleasure of working with the attorneys at Foley Freeman PLLC for more than twenty years. They have professionally and successfully represented my interests in personal and business matters, including assisting with business purchase and sale agreements, contract reviews, estate planning, and arbitration issues. I recommend them without hesitation.
Show MoreMark Freeman is our most trusted attorney for all of our estate planning needs. He and his staff were of the utmost professionalism and walked my wife and me through all the steps to make sure we had our assets, including properties in multiple states, our life insurance, and money protected for our children and future family legacy. He answered every question we asked, and even addressed issues that could come up that we hadn’t thought of. I highly recommend Mark for any estate planning needs.
Show MoreFoley Freeman was amazing to work with! We have never needed legal counseling before and contacted them with time-sensitive needs. They were very kind, eager, and thoroughly explained everything to us. We were not pressured to make decisions or made to feel that our “small” legal issue was a waste of their time. Highly recommend their services to anyone with any legal needs.
Show MoreI just want to say thank you. This was the first time I have ever hired a lawyer, and I must say that I made an excellent choice when I went with you. You were very prompt in responding to my queries and did an excellent job. I will definitely recommend you to anyone in need of a lawyer.
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