WILLS AND TRUSTS
We are a full service estate planning firm, using wills and trusts to plan for our clients. These documents can provide for asset protection during life, asset distribution upon death and may allow the estate to avoid probate. We advise clients regarding the benefits, advantages and disadvantages of different trusts, including revocable and irrevocable trusts, and assist clients with funding issues.
When drafting a last will and testament, we take all issues into consideration including provisions for spouses, children, and pets, beneficiaries with problems or disabilities, and choices of personal representatives.
We use revocable trusts to allow our clients to avoid the probate process, provide a means for proper asset distribution, and ensure the proper management of clients’ assets in the event of incapacity.
We create irrevocable trusts to protect client assets from creditors (including Medicaid as a creditor), provide a means for asset preservation, create a vehicle to receive asset transfers, maximize tax benefits, and facilitate planning for Medicaid.
We establish supplemental needs trusts within a trust to provide financial support for a spouse who is or may be receiving Medicaid benefits to enhance his or her quality of life while preserving the ongoing Medicaid benefits.