TRUSTS AND ESTATES
Whether your estate is large or small, our trusts and estates attorneys take the time to understand your goals and craft an estate plan that is particularly suited to your needs. We keep track of changes in state and federal laws to ensure that preservation of hard-earned wealth is achieved in the most practical and economical fashion. For those clients looking to abide by Islamic principles of inheritance, our attorneys have the experience to address such concerns, and are able to create estate plans in light of such goals.
ESTATE PLANNING
Though a simple will may be suitable for some clients’ needs, many of our clients appreciate a more tailored approach to estate planning which includes preparation of documents such as living wills, durable financial powers of attorney, revocable trusts, irrevocable trusts and other estate planning tools. Depending on their particular assets and family situation, particular clients may also require business succession planning or the implementation of charitable gifting techniques such as charitable trusts or private foundations. Our attorneys have experience developing simple to complex arrangements, and aim to provide practical advice and solutions, mindful of costs and burden to the client. Furthermore, when needed our attorneys have the ability to engage third parties such as religious scholars to achieve particular client goals related to estate distribution.
TRUSTS
Put simply, a trust is a legal arrangement that allows a third party, known as a trustee, to hold assets on behalf of a beneficiary or beneficiaries. Trusts are commonly used as an estate planning tool for transferring assets to beneficiaries. Our attorneys have experience with a range of trusts including special needs trusts, life insurance trusts and other types of revocable and irrevocable trusts. While all properly-drafted trusts should achieve probate avoidance, only certain trusts are used for tax planning. Our attorneys review each client’s particular scenario to advise whether and what type of trust is appropriate to achieve client goals.