Bellevue Irrevocable Trust Lawyers
Trusts Designed to Protect Your Assets
An irrevocable trust is a trust that cannot be revoked or changed once it is established. Because of this, an irrevocable trust is an excellent option for people who may need to protect their assets from someone else in the future, such as an incapacitated child or grandchild. It is also an excellent option for people who want to make sure their assets are not subject to probate after their death.
An irrevocable trust is created by a grantor, who then places assets into the trust. The grantor then becomes the trustee of the trust and has full control over the assets within the trust. However, the trust itself is considered a separate entity from the grantor, and the grantor no longer has any control over the assets within the trust.
Because an irrevocable trust is considered a separate entity from the grantor, the assets within the trust are not subject to probate after the grantor's death. This means the assets will not be subject to probate fees or taxes, and the assets will not be available to creditors or other people who may make claims against the estate.
To learn more about irrevocable trusts in Bellevue, WA, please contact Jerimy Kirschner & Associates, PLLC at (206) 203-8802 today.
What Is a Revocable Trust?
A revocable trust is very similar to an irrevocable trust, but there is one key difference: a revocable trust can be revoked or changed at any time. This is the main difference between a revocable trust and a will, which cannot be changed once it has been created.
A revocable trust can be revoked at any time by the grantor, and the assets within the trust can be distributed to the beneficiaries as the grantor sees fit. However, once a trust has been revoked, it cannot be converted into an irrevocable trust.
To learn more about revocable trusts in Bellevue, WA, please contact Jerimy Kirschner & Associates, PLLC at (206) 203-8802.
"Highly recommended! Jerimy was able to easily answer all our questions and complete all documentation/planning for the trust."
- Ryan H.
Success that Speaks for Itself
Recent Case Victories
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Successfully Defeated Claims of Trespass Kimberly Zeren v. James Carlson
This matter arose from a dispute between adjacent landowners over landlocked property and allegations of timber trespass. At trial, Mr. Kirschner was successful in defeating claims for timber trespass and prevailed on claims for an easement by necessity.
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Judgment Successfully Overturned Millennium Drilling Company v. Beverly Myers, et. al.Mr. Kirschner and the appellate team were successful in overturning the judgment rendered by the jury and having a judgment entered in his client’s favor.
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Award Obtained for Client John Lynch and Kellie Fuhr Family Trust, et, al. v. Tyche Entertainment, LLC
Mr. Kirschner brought a successful suit by members of the LLC to have a receiver appointed over Tyche Entertainment, LLC and dissolution. At trial, Mr. Kirschner was successful in showing over one million dollars in improper transfer to managers and obtained an award for his client.
Providing Comfort & Protection
What Makes Us Different
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Experience
Practicing Law since 2010 and earned his Juris Doctor at the University of Nevada-Las Vegas William S. Boyd School of Law.
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Convenience
We have close offices in King County — the convenience of close proximity to your attorney is key. We make it simple.
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Knowledge
Washington, Nevada, the United States District Courts for Washington, and the United States Court of Appeals for the Ninth Circuit.
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Cost-Effective
Solving problems and helping a client to select the most effective and cost-efficient tools.