Helping You Protect Your Legacy
Providing the Guidance You & Your Family Need

Trust Attorney in Leesburg

Financial Protection for Your Family - Call (571) 200-5559

 What is a Trust

A trust is an arrangement that, after your death or during your incapacity, allows a third party – called a trustee – to hold onto assets for beneficiaries. When establishing a trust, you can specify how and when your assets will be passed onto your beneficiaries

At Legacy Law Centers, our Leesburg trust attorney has extensive experience and expertise helping clients establish and implement trusts that save their families time, money, and the stress of probate. Let or trusts attorney in Leesburg help you set up a trust that will effectively protect your assets and your family’s future.

Get in touch with Legacy Law Centers today by calling (571) 200-5559.


Benefits of Trusts Include the Following
  • Avoiding Probate: Trusts can generally prevent your family from going through probate, allowing them to gain access to your assets more quickly and without paying court fees.
  • Flexible Control of Your Assets: You have the power to determine when and how your assets will be passed on. Revocable trusts also grant you access to assets during your lifetime.
  • Protection: Maybe your beneficiary is not the best at managing money, or maybe your heirs have creditors hounding them for debts owed. Either way, a trust will protect your assets from these situations.
  • Privacy: By avoiding probate, you are also avoiding a publicized court case and public record.

Contact us online or call (571) 200-5559 to get started with a free case review.


Revocable Living Trusts

A revocable living trust, or revocable inter vivos trust, is an agreement between the person creating the trust, or Trustor, and the person managing the trust's assets, or Trustee. These trusts are "revocable," meaning you can change them over time, and they are "living," meaning they are created while you are alive.

What is a Living Trust?

The terms of a revocable living trust provide directions regarding your intentions for the future. When it is created, you act as both trustee and beneficiary while you are alive. Significantly, parts of a revocable living trust may be modified during your lifetime through amendments. A completely revised trust is accomplished through a “restatement.”

A revocable living trust is a convenient, flexible, and protective tool commonly used in estate planning. When you fund a revocable living trust, you can add or subtract assets as you like, change the terms of the trust, and dissolve the trust altogether during your lifetime. You don’t even need to file a separate tax return – the process is quite simple. Let our trusts attorney in Leesburg help you today.

Family Bank Trusts

Families with a high net-worth and individuals in high-risk professions such as real estate developers, business owners, doctors, and lawyers can often benefit from a family bank trust (FBT). An FBT offers both asset protection and access.

What is a Family Bank Trust? 

When a person creates a family bank trust and transfers assets into it, beneficiaries – including a spouse and/or children – have access to the funds. 

Who Pays Taxes on a Family Bank Trust? 

The grantor spouse, the one who created and funded the trust, pays the income taxes on the funds, which provides an additional non-taxable gift. 

Contact our Leesburg Family Bank Trust attorneys for help with your trust planning in Leesburg.

Benefits of a family bank trust include:

  • Beneficiaries’ creditors do not have access to the funds
  • Your own creditors cannot seize the funds
  • There are no federal estate taxes on assets transferred into the trust or paid on income taxes on trust funds

Grandchildren’s Trusts

Rather than superfunding UTMA and UGMA accounts, consider funding grandchildren’s trusts. By using a grandchildren’s trust, you can create a legacy for your grandchildren and prevent them from misusing funds at a young age.

Your grandchildren will benefit from this kind of trust because:

  • Your assets can’t be seized in a lawsuit, car accident, medical crisis, bankruptcy, divorce, business failure, or another similar event
  • Your assets are protected from estate taxes
  • The trust can be dissolved if assets get spent down to pay for education, the formation of a business, or whatever you instruct

How Do I Set Up a Living Trust?

Are you interested in establishing a trust for the beloved children or grandchildren in your life? The Leesburg estate planning attorney at Legacy Law Centers can discuss your options and help you decide what kind of trust might be right for you and your family. We serve clients throughout Loudoun County and look forward to helping you protect your family’s future with a trust.

Contact us online or at 571-200-5559
to request a consultation. 
Discover Our Client Experience

At Legacy Law Centers, our aim is to help clients and their families prepare for the future. Attorney Sam Mansoor provides personalized estate planning assistance with the tools, resources, and expertise necessary for a world-class experience. Discover what our satisfied clients have to say.

We found their advice and personalized partnership invaluable.

- Joseph L.
A Distinguished Firm
  • Qualified Master Counselor
  • AVVO Stars
  • FB Stars
  • Google Stars
  • Lawyers Stars
  • Martindale Stars
  • 10 Best Attorney
  • AVVO 10 Rating
  • AVVO Clients' Choice
  • AVVO Reviews
  • AVVO Top Contributor
  • Firm Peer Rated
  • Finance Monthly 2018
  • Martindale Hubbell Client Champion
Begin Building Your Legacy
  • Please enter your first name.
  • Please enter your last name.
  • Please enter your phone number.
    This isn't a valid phone number.
  • Please enter your email address.
    This isn't a valid email address.
  • Please make a selection.
  • Please enter a message.