Concord Trust Attorneys

Establishing a trust is one of the most effective ways to manage, protect, and distribute assets according to your wishes. At Black, Boone & Brasch P.A., we help individuals and families create customized trust-based plans that support long-term goals, minimize legal complications, and provide lasting peace of mind.

Our firm has been creating and updating trusts for clients throughout Cabarrus County since 1994. With over three decades of experience, we have remained a trusted legal resource for the region. 

Reserve your free initial consultation with a Concord trust lawyer at Black, Boone & Brasch P.A. by phone at (980) 255-5242 or contact us online. 

What Is a Trust?

A trust is a legal arrangement that allows a person (the grantor) to transfer assets to a trustee, who holds and manages those assets for the benefit of designated beneficiaries. Trusts can serve various purposes, including avoiding probate, minimizing estate taxes, protecting assets from creditors, and providing financial oversight for loved ones.

Unlike a will, which becomes effective only after death and typically requires probate, a trust can take effect immediately and may operate both during your lifetime and after. Types of Trusts

We offer guidance on various trusts designed to meet specific legal and financial objectives. 

Common types include:

• Revocable living trust – This flexible trust allows you to retain control over your assets during your lifetime, with provisions for automatic transfer to beneficiaries upon death. It avoids probate and is easily amended as circumstances change.
• Irrevocable trust – Once created, the terms of this trust generally cannot be changed. It is often used for asset protection, Medicaid planning, or estate tax reduction.
• Testamentary trust – This trust is created by a will and activated upon the grantor’s death. It is commonly used to manage inheritance for minor children or individuals who need ongoing oversight.
• Special needs trust – This allows you to provide for a loved one with disabilities without jeopardizing their eligibility for government benefits such as Medicaid or Supplemental Security Income (SSI).
• Charitable trust – Used to donate to charitable organizations while also receiving tax benefits and potentially providing income to the grantor or other beneficiaries.
• Spendthrift trust – Designed to protect assets from being misused by a beneficiary and to shield the trust property from creditors.
• Asset protection trust – Helps insulate personal or business assets from future liability or legal claims.

Benefits of Creating Trusts

A thoughtfully drafted trust offers numerous benefits, including:

• Avoiding probate – Streamlines the transfer of assets to beneficiaries without court involvement.
• Privacy – Keeps your financial affairs and asset distribution from the public record.
• Control – Allows you to dictate how and when beneficiaries receive their inheritance.
• Protection – Shields assets from creditors, legal claims, and beneficiaries’ financial mismanagement.
• Tax planning – May help reduce estate or income tax burdens depending on the type of trust and structure used.
• Support for vulnerable loved ones – Offers financial oversight for minors, individuals with disabilities, or family members who may need long-term guidance.

Trusts Tailored to Your Needs

Every trust should reflect your circumstances and long-term goals. Black, Boone & Brasch P.A. works closely with clients throughout Concord and the surrounding areas to develop trust-based strategies that align with family dynamics, asset structures, and future concerns. 

Call (980) 255-5242 or reach us online to discuss your needs with a Concord trust attorney today.