Carnegie Trust Lawyers

A trust is a legal arrangement in which one party, known as the trustee, holds and manages assets on behalf of another party, known as the beneficiary. This fiduciary arrangement allows for the management, protection, and distribution of assets according to the terms set out in the trust agreement. Trusts can serve various purposes, such as estate planning, asset protection, and charitable giving—offering flexibility and control over how assets are handled.

At Herb & Winters Law, we specialize in supporting clients through every phase of setting up, managing, or litigating a trust. Whether you are looking to establish a trust to secure your family’s future, need professional management to ensure assets are handled appropriately, or face legal challenges that require litigation, our experienced team is here to help. 

Our firm can support you in:

• Drafting a trust
• Administration of trusts (both new and/or existing)
• Trust contests
• Trust litigation
• Trustee services
• Guardianship

Trust Herb & Winters Law to provide knowledgeable, dedicated, and client-focused legal guidance for all your trust-related needs. Call our firm at (412) 533-4821 to schedule a consultation today.

Understanding the Different Types of Trusts 

There are several types of trusts available in Pennsylvania, each designed to meet specific objectives. An attorney can support you in selecting the right type of trust for your needs and help you draft your arrangement to ensure it is in compliance with all state and federal regulations.

The types of trusts you can choose from include:

• Living Trusts: These trusts are created during your lifetime to manage and distribute assets upon death. The creator benefits from the trust’s property while alive and often serves as trustee.
• Revocable Trusts: Can be changed or canceled by the creator during their lifetime. It becomes unchangeable after the creator’s death.
• Irrevocable Trusts: Once established, these trusts cannot be altered or revoked without the consent of the beneficiaries.
• Dynasty Trusts: This trust transfers wealth across generations, typically from grandparents to grandchildren. It’s popular for preserving family wealth over a long period of time.
• Special Needs Trusts: These trusts provide for a child with disabilities without affecting their eligibility for public benefits. It ensures care and resources for their lifetime.
• Charitable Trusts: These support charitable causes and may offer tax benefits for the creator. 
• Animal Trusts: These trusts secure care for pets after the owner’s death, ensuring their well-being. Multiple pets can be covered if they are alive during the owner’s lifetime.