Trust Planning

Trust Planning

Revocable, Irrevocable, and Legacy Structures

Trust planning begins with a simple question – should assets pass outright, or should they pass with guardrails? Many Wisconsin families want efficiency and privacy, but they also want protections that last after a beneficiary receives an inheritance.

Trust planning begins with a simple question – should assets pass outright, or should they pass with guardrails? Many Wisconsin families want efficiency and privacy, but they also want protections that last after a beneficiary receives an inheritance.

A revocable trust is often used to manage assets during life and direct distribution at death, while allowing changes during the grantor’s lifetime. Wisconsin trust law includes provisions on revocation and amendment and defines key trust concepts used in administration. An irrevocable trust can be used when a stronger separation is needed for asset preservation planning, creditor risk, or long-term care strategies that require a different ownership structure.

Legacy trust planning is designed for families who want protections to continue beyond the first generation. This is where trust terms can address beneficiary divorce exposure, creditor risks, lawsuits, bankruptcy, special needs planning concerns, and immaturity or lifestyle issues. The goal is not to withhold support; it is to deliver support in a way that protects the beneficiary’s future.

Attorney Davidson can prepare and implement a trust plan that supports efficient administration, protects beneficiaries from common risks, and aligns ownership and distribution terms with your goals.