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Top Philadelphia, PA Trusts Lawyers Near You

Trusts Lawyers | Philadelphia Office

1500 John F Kennedy Blvd, Suite 220, Philadelphia, PA 19102

Trusts Lawyers | Ridley Park Office | Serving Philadelphia, PA

204 E Chester Pike, Ridley Park, PA 19078

Trusts Lawyers | Downingtown Office | Serving Philadelphia, PA

342 E Lancaster Avenue, Downingtown, PA 19335

Trusts Lawyers | Philadelphia Office

Three Logan Square, 1717 Arch Street, Suite 3500, Philadelphia, PA 19103

Trusts Lawyers | Philadelphia Office

1500 Market Street, 12th Floor, East Tower, Philadelphia, PA 19102

Trusts Lawyers | West Chester Office | Serving Philadelphia, PA

535 N Church St, Suite 220, West Chester, PA 19380

Trusts Lawyers | West Chester Office | Serving Philadelphia, PA

158 W Gay St., Suite 212, West Chester, PA 19380

Trusts Lawyers | Philadelphia Office

135 S 19th Street, Suite 200, Philadelphia, PA 19103

Trusts Lawyers | Philadelphia Office

One Liberty Place, 1650 Market Street, Philadelphia, PA 19103

Trusts Lawyers | Philadelphia Office

1800 JFK Blvd, Suite 403, Philadelphia, PA 19103

Trusts Lawyers | Philadelphia Office

1515 Market Street, Suite 1220, Philadelphia, PA 19102-1903

Trusts Lawyers | Philadelphia Office

Two Commerce Square, 2001 Market Street, Suite 3100, Philadelphia, PA 19103

Trusts Lawyers | Blue Bell Office | Serving Philadelphia, PA

450 Sentry Parkway, Suite 200, Blue Bell, PA 19422

Trusts Lawyers | Philadelphia Office

123 S. Board Street, Suite 1030, Philadelphia, PA 19109

Trusts Lawyers | Philadelphia Office

2001 Market St, Two Commerce Square, Suite 2620, Philadelphia, PA 19103

Trusts Lawyers | Philadelphia Office

One Logan Square, Suite 2000, Philadelphia, PA 19103-6996

Trusts Lawyers | Philadelphia Office

Three Parkway, 1601 Cherry Street, Suite 1400, Philadelphia, PA 19102

Trusts Lawyers | Blue Bell Office | Serving Philadelphia, PA

325 Sentry Pkwy, Bldg 5W, Suite 200, Blue Bell, PA 19422

Trusts Lawyers | Philadelphia Office

30 South 17th Street, Philadelphia, PA 19103

Trusts Lawyers | Philadelphia Office

Centre Square West, 1500 Market St, Suite 3400, Philadelphia, PA 19102

Trusts Lawyers | Philadelphia Office

1880 JFK Boulevard, 20th Floor, Philadelphia, PA 19103

Philadelphia Trusts Information

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Lead Counsel Verified Attorneys In Philadelphia

Lead Counsel independently verifies Trusts attorneys in Philadelphia and checks their standing with Pennsylvania bar associations.

Our Verification Process and Criteria
  • Ample Experience Attorneys must meet stringent qualifications and prove they practice in the area of law they’re verified in.
  • Good Standing Be in good standing with their bar associations and maintain a clean disciplinary record.
  • Annual Review Submit to an annual review to retain their Lead Counsel Verified status.
  • Client Commitment Pledge to follow the highest quality client service and ethical standards.

Find a Trusts Attorney near Philadelphia

Visit our free Trusts Resource Center.

What Is a Trust?

A trust is an estate planning tool that allows you to determine which beneficiaries will get your property and assets when you pass away. A valid trust can allow you to avoid probate, which can be costly and slow, so your beneficiaries can receive your real estate, accounts, and personal property more quickly. A trust can also allow you to use and access your property while you are living while still providing for your loved ones after you die. An estate planning attorney can give you more information about trusts and estate planning.

What Are Different Types of Trusts?

There are different kinds of trusts that can be used to accomplish your estate planning goals. Common types of trusts include:

  • Living trusts
  • Irrevocable trusts
  • Charitable trusts
  • Special needs trusts

The most common type of trust is a living trust, also known as a revocable trust. A revocable trust provides more flexibility for the person who created the trust to use the property and modify the trust at any time. An irrevocable trust is much more restrictive and cannot be canceled. However, an irrevocable trust can reduce estate taxes and may allow the property to be protected from creditors. Talk to Pennsylvania estate planning lawyers for legal advice about what type of trust is best to give you peace of mind.

How Do I Establish a Trust?

The person who creates the trust is known as the settlor. The settlor names a beneficiary or beneficiaries who will receive the assets under the terms of the trust, usually upon the death of the settlor. The settlor also designates a trustee to manage the assets of the trust for the benefit of the beneficiaries. There may be other requirements for a trust in your state, so contact a Pennsylvania trust lawyer or elder law firm about your legal matters.

How Can I Change a Trust?

A revocable will can be changed anytime during the lifetime of the settlor. You may want to review your trust every few years or anytime there is a significant life change. When there is a major life change, like a marriage, divorce, or death of a loved one, you may want to update your trust to make sure your wishes are still reflected in your estate plans.

How Much Does It Cost to Make a Trust in a Philadelphia?

The cost of a trust will depend on several factors, including the number of assets and properties, trust administration, and the terms of the trust. An average trust can cost about $2,000 to $5,000 or more. However, a trust can save you money by avoiding the costs, delays, and court process of going through probate. A trust can also include special provisions for your loved ones so they can have long-term protection and financial support. To get an estimate for how much it will cost to prepare a trust for your situation, contact a Philadelphia trust attorney for a quote.

Top Questions to Ask When Hiring an Attorney

  • How many years have you been practicing law? How long have you practiced law in the local area?
  • How many cases similar to mine have you handled in the past?
  • What is the likely outcome for my case?

In legal practice, experience matters. An experienced attorney will likely have handled issues similar to yours many, many times. Therefore, after listening to your situation, the attorney should have a reasonable idea of the time line for a case like yours and the likely resolution.

Top Questions to Ask a Lawyer

  • What is the usual process to resolve my case? How long will it take to resolve this?
  • What are likely outcomes of a case like mine? What should I expect?

An experienced lawyer should be able to communicate a basic “road map” on how to proceed. The lawyer should be able to walk you through the anticipated process, key considerations, and potential pitfalls to avoid. Once you’ve laid out the facts of your situation to the lawyer, he/she should be able to frame expectations and likely scenarios to help you understand your legal issue.

How much does it cost to hire an attorney?

In general, how much an attorney costs will often depend on these four factors: billing method and pricing structure, type of legal work performed, law firm prestige, and attorney experience. Depending on the legal issue you are facing, an attorney may bill you by the hour, settle on a flat fee, or enter into a contingency fee agreement. The type of legal work you need help with will also play a role in cost incurred.

Common legal terms explained

Pro se – This Latin term refers to representing yourself in court instead of hiring professional legal counsel. Pro se representation can occur in either criminal or civil cases.

Statute – Refers to a law created by a legislative body. For example, the laws enacted by Congress are statutes.

Subject matter jurisdiction – Requirement that a particular court have authority to hear the claim based on the specific type of issue brought to the court. For example, the U.S. Bankruptcy Court only has subject matter jurisdiction over bankruptcy filings, therefore it does not have the authority to render binding judgment over other types of cases, such as divorce.

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