02 What We Do — Seamon Law Offices

Trusts

Trusts come in many shapes and sizes, and protect various aspects of people's lives. It is always best to create them early and maintain them regularly. Find out which trusts are best for you or your family.

Revocable Living Trust

A revocable living trust is not only a way for you to determine who will get your property and belongings after you pass away, but it also allows for a smooth transition when the time comes by avoiding probate. At Seamon Law Offices, we call a revocable living trust a “bucket.” See why!

Irrevocable Trust

An irrevocable trust allows you to appoint someone else to be your trustee while you are living. Think of an irrevocable trust like a lockbox, and you gave your trustee the only key. This person is someone you trust, and they must follow your instructions to manage your trust. Watch this video to learn more about the “box.”

Special/Supplemental Needs Trust

If you or a loved one has a physical or mental disability, creating a supplemental needs trust (also known as a special needs trust) provides the most opportunities and flexibility. A supplemental needs trust is written so that a person with a disability can still receive certain governmental benefits like Medicaid, subsidized housing, or Supplemental Security Income, even if he or she is left an inheritance from a family member. The money in the trust is used to supplement the government benefits.

Gun Trust

Your gun trust allows you to safely and legally own and transfer your NFA (National Firearms Act) firearms, including silencers, fully automatic guns, short-barreled rifles, and short-barreled shotguns. Set up a gun trust to make sure you or your loved ones are not committing an "accidental felony."

Trust Administration

When someone passes away, a trust administrator supervises the successor trustee as he or she divides everything and distributes it according to the document in place. This process must adhere to the state laws and tax regulations.

Retirement Trust

A retirement trust is an excellent way to protect your assets for your beneficiaries. It prevents beneficiaries from cashing out accounts such as IRAs (Individual Retirement Accounts) prematurely and incurring expensive taxes, and maybe even penalties. Seamon Law Offices can properly create your retirement trust to provide your beneficiaries with an income source, similar to a pension, for the rest of their lives, and also protect them from creditors or divorces.

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Disclaimer Seamon Law Offices, PLLC is licensed in the state of West Virginia. Doreen Seamon, and Seamon Law Offices, by means of this web site, is not offering legal advice. With respect to the material contained in this web site, some of the material may be affected by current and future changes in law. For those reasons, the accuracy and completeness of such information, and the opinions of its author, are not guaranteed. In addition, because of the complexity and interrelationship of various areas of law which are presented in this web site, from which there may be certain exceptions or limitations, the strategies and plans outlined in this web site may not be suited for every individual, in every state. As such, it is strongly suggested that before employing any one or more of the techniques, strategies, expositions of any law, the reader should secure the services of a competent attorney in their respective state.