Legal Support for Trusts and Asset Protection: What It Covers
A living trust lets you transfer your assets into a structure you create during life, skip the court process (probate) entirely at death, and control on what condition and to whom your assets pass. For Turkish clients who hold real estate, an investment account, or company shares in the US, a trust carries two values: fast and private transfer to heirs, and the ability to lawfully manage the estate tax burden that can be heavy for non-domiciled foreign nationals. Yellow Law Group, headquartered in Plano (Texas) with partner offices in Chicago (Illinois), Irvine (California), Alpharetta (Georgia), and Fairfield (New Jersey), provides legal support in trust structuring, backed by an attorney team with more than 10 years of collective practice.
The work we take on in our trust service gathers under these headings:
- Choosing the trust type: Determining the trust that fits your situation (revocable or irrevocable) and structuring it to your purpose.
- Asset transfer: Properly moving real estate, accounts, and shares into the trust's name; an incomplete transfer defeats the trust's purpose.
- The tax layer: Assessing structures that reduce estate tax on US-sourced assets for non-domiciled foreign nationals.
- Non-citizen spouse (QDOT): Setting up a qualified domestic trust that defers the tax when the surviving spouse is not a US citizen.
Who Needs a Trust?
A trust is especially for those who hold US real estate or significant investments, want to pass their estate without getting stuck in court, and want to control when and on what condition assets pass to heirs. The need is clearest for those with real estate in more than one state (each requires separate probate); those with young or vulnerable heirs; those with a non-citizen spouse; and families who value privacy (probate is public, a trust is not).
A trust is not a plan on its own. To name a guardian for minor children, our wills service, and for the period when you are alive but unable to decide, our power of attorney service complete the trust. How the three tools combine and when a trust is needed is explained comparatively in our US estate planning guide.
The Trust's Two Values: Skipping Court and Managing Tax
The trust's first value is skipping the court process. Assets moved into the trust are held in the trust's name rather than yours; at your death they pass directly to the people you designated without entering probate. The result is faster, private, and lower-cost. The second value is tax management: a non-domiciled foreign national's estate tax exemption on US-sourced assets is only 60,000 dollars, with amounts above taxed at up to 40 percent. A properly structured trust and company layers can lawfully reduce this burden. For a non-citizen spouse, because the unlimited spousal exemption does not apply, a qualified domestic trust (QDOT) is used to defer the tax. The IRS resource on estate tax for nonresidents shows the thresholds. The filing obligation of nonresident asset holders is covered in the IRS resource for nonresident asset holders.
Why Yellow Law Group Should Manage Your Trust Structuring?
A trust's value depends on it being set up correctly and assets being properly transferred; an asset left untransferred stays outside the trust and enters probate. The job of the attorney managing it is to choose the right trust type, complete the transfer fully, and build the tax layer to the client's status. Yellow Law Group's five-state office structure puts legal support near the region where your assets sit: the Plano (Texas) headquarters, Chicago (Illinois), Irvine (California), Alpharetta (Georgia), and the Fairfield (New Jersey) partner office. The handshake in our logo symbolizes the foundation of the partnership built with the client; our attorney team's 10 years of collective practice carry the same approach. To set up the trust that fits your situation, you can work with our Texas Bar licensed attorneys and schedule a 30-minute free initial consultation through our contact page.
