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Tarris Law

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  • Home
  • About Our Firm
  • Legal Services
    • Wills Trusts & Estates
    • Business Transactions
    • Real Estate & Land Use
    • Injury & Disability
    • Traffic & Criminal
  • Our Clients
    • Parents
    • Retirees
    • Investors
    • Farmers
    • Students
    • Home Buyers/Sellers
  • Become a Client
  • Join Our Team
  • Make a Payment
  • Firearms
  • Drug Offense in Virginia
  • Fraud and Theft

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Trust Management

Our clients trust our team of dedicated professionals with meticously crafting and executing their trust documents according to individualized goals such as providing for loved ones, taking care of special property or giving to important charitable causes. Our trusts may also be designed to minimize tax liabilities, protect assets from creditors, and endure for generations. We are here to protect your legacy

Schedule a Consultation Today

Types of Trusts

Below are a list of our most popular trust products, this is a reminder that many your trust is completely customizable and may be several types in one.

Family Trusts

Our Family Trusts are used to take care of family such as spouses, children, grandchildren, and family property or heirlooms. These trusts can be used to provide a lump sum payment at death or periodic distributions for generations. Sometimes a family member has special needs or cannot be trusted with finances, our trusts can have special clauses added to protect these folks.

Land and Asset Trusts

If your goal is to protect farm land, antiques, art or heirlooms and/or to make sure the assets are only used for particular purposes an asset or land trust may be approproate.

Farm Trusts

These trusts are set up to protect farm land from developement and being split up due to family drama. We provide a list of custom clauses to determine how decisions will be made, how the farm will be used, and how family interests may be transferred.

Business Trusts

These trusts can be excellent vehicles for small businesses and real estate investments. If something ever happens to you then the trustee will be able to carry your business matters for you.

Charitable Trusts

If your goal is to give back to the community our charitable trusts can be used to do so with lump sums or periodic disbursements.

Special Needs Trusts

If you have a family member with disabilities a special needs trust may be appropriate so that they are not disqualified from any benefits. These drafts need to have particular language that our team can assist you with.

Credit Shelter Trust

These trusts are set up to provide benefits to individuals without being subject to creditors.

Pet Trusts

These trusts are often set up as part of a family trust to make sure family pets are taken care of when an owner passes away.

Trusts for Minors

These trusts are set up, often with the use of life insurance, when a parent or guardian passes away

How we craft your trust

Client Intake & Questionnaire

Our work begins with a short intake form, where you discuss your goals. From there we collect necessary information we need to sufficiently advise you in reaching your goals

Client Consultation

At our consultation our team will listen to your goals in more depth and work with you to develop a plan to accomplish those goals as you see fit.

Draft Review

After our consult we provide you with draft documents. Our documents are completely customizable and we are happy to make changes to your trusts to meet all your needs.

Execution

Once the documents are drafted to the satisfaction of our clients they are signed by the settlor(s) and Trustee at an execution ceremony to make the documents official and legally binding.

Trust Funding

Before a trust is usable the trust needs to be funded. Typical sources of trust funding are from investments, inheritance, life & disability insurance, personal injury settlements, business buy-outs, etc. 

Trust Managment

Once the trust is created the Trustee has a fiduciary duty to manage the trust according to it's terms and in the best interest of the beneficiaries. Sometimes family members are given this duty. More often professional fiduciaries such as attorneys take on this role to avoid conflict and mismanagement.

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