Trusts are essentially a document where the deceased signed away part of their assets to a trusted companion or colleague with the arrangement and understanding of how those assets will be turned over to the proper beneficiaries.
Trusts are an important part of estate planning as they reduce estate tax liability, protect property in the estate, and avoid probate.
Trusts don’t always work out as smoothly as desired, as the governing laws surrounding trustees and executors is a demanding task, even for lawyers. It takes experience and endurance to navigate through age-old precedents and apply those precedents to current situations.
Our knowledgeable and experienced lawyers work with your accountant to coordinate estate and tax planning and prepare family trust agreements. We lead you through this process and determine what steps should be taken to assure the estate is handled legally and in an appropriate manner.