Skilled Counsel On Trust Arrangements
Establishing a trust or other aspects of a comprehensive estate plan is not an individual endeavor; it involves your family, friends and other loved ones. To transfer your wealth to your family in the most direct, efficient manner, it is essential to work with an experienced estate planning lawyer.
At the Law Office of Warren B. Brams, P.A., we represent families through the changing dynamics of life in a range of estate planning matters, including special needs trusts. West Palm Beach trusts attorney Warren B. Brams has more than 25 years of experience.
What Type Of Trust Do You Need?
We can provide you with sound legal counsel and representation in the establishment of a variety of trust documents, including:
- Irrevocable trust: Unlike a revocable trust, an irrevocable trust cannot be changed once it has been established. If properly drafted and funded, an irrevocable trust can avoid tax consequences to make for a more efficient wealth transfer instrument.
- Special needs trust: Often called a supplemental needs trust, a special needs trust is a critical tool for special needs planning for your child or other loved one. The most important benefit of this type of trust is that it can help you transfer assets to provide for someone with physical or mental disabilities without jeopardizing his or her access to important governmental benefits.
- Qualified personal residence trust (QPRT): This trust allows the grantor to transfer a personal residence to a spouse, sibling or sibling’s spouse through a trust instrument.
- Minor trust: This is a trust that transfers assets to provide for a minor child until he or she reaches adulthood. For those who wish to avoid using a guardian to manage a minor child’s finances, this can be a valuable tool.
There are many other trust instruments available to help you accomplish a variety of estate planning goals. At the Law Office of Warren B. Brams, P.A., we will take the time to listen to you and understand your objectives. Then, attorney Brams will use his more than 25 years of legal experience to help you determine the best estate planning tools to accomplish your goals.