Trust attorney in Monroe for living trusts and protection strategies

Customized Trust Solutions

Trusts help families reach goals that a will alone cannot. Watson, McMillin & Street designs trusts that manage inheritances over time, provide for a child with special needs, and coordinate with business interests or real estate in Ouachita Parish. Clients often want privacy, flexibility, and efficient administration, which a revocable living trust can provide when funded correctly.

Man in suit showing documents to an older woman wearing glasses.

Revocable Living Trusts

A revocable trust can hold your home, accounts, and non-retirement investments so assets pass to beneficiaries without probate. You remain in control as trustee while healthy. If you become ill, your successor trustee steps in to manage bills and care costs. Many families use a pour-over will to capture any assets outside the trust so the plan stays complete and organized

Irrevocable Trusts and Asset Protection

Some goals call for irrevocable tools. Options include life insurance trusts for liquidity, Medicaid planning trusts done well before nursing home care, and structures that protect gifts for children from creditor claims. We explain tradeoffs clearly and only recommend these strategies when the benefits outweigh the limits.

Special Needs Trusts

A special needs trust can preserve eligibility for benefits while providing for housing, therapies, and daily support. We tailor trustee instructions so care stays consistent if parents or primary caregivers are no longer available.

Business and Tax Considerations

Owners in Monroe and West Monroe may place business interests into trusts for continuity and voting control. For high net worth families, we coordinate estate tax planning with your CPA so gifting, valuations, and filings match your timeline.

FAQs: Trusts

  • Do I still need a will?

    Yes. A pour-over will covers assets not titled to the trust.

  • Who should be my trustee?

    Choose someone responsible and available. We can also discuss corporate trustees.

  • Can a trust avoid probate?

    Properly funded revocable trusts help avoid probate delays for titled assets.