Coral Springs Trusts Lawyer Works to Accomplish Clients’ Goals
Accomplished South Florida firm prepares personalized legal instruments
By working with an experienced attorney on a personalized estate plan, you can find the legal options that best suit your situation and goals. Often, trusts are very useful for individuals and families who want to transfer assets more easily and use the wealth they’ve accumulated for designated purposes. At Abby L. Steinberg, PA in Coral Springs, I have assisted Floridians with the establishment and administration of trusts for more than 30 years. By engaging in thoughtful discussions about your priorities, I can point out particular advantages that a trust might offer.
Knowledgeable attorney establishes all types of trusts
As you evaluate your overall estate planning strategy, my firm pinpoints particular types of trusts that best serve your interests, such as:
- Living trusts — Individuals who want their beneficiaries to avoid the time and hassle associated with probate can move their assets into a living trust. These instruments allow people to access their assets for the remainder of their lifetime and then pass what property remains to named beneficiaries upon their death. Moreover, these trusts are revocable and can be revised should the trust creator change his or her mind about where their assets should go.
- Specific use trusts — Unlike general bequests that are listed in a will, funds provided through a testamentary trust can be marked for a particular use. Whether you’re looking to support a charitable cause, provide a lasting financial foundation for a special needs child or shape how a loved one can utilize assets that you leave them, my firm outlines how a trust could achieve your objective.
- Tax and asset shelters — If you’re concerned that your estate might exceed the federal tax exemption amount or are looking to secure eligibility for long-term care benefits, an irrevocable trust might be an appropriate solution. As funds deposited in these legal instruments cannot be recalled by the grantor, they can be excluded from the amounts considered when the government assesses tax liability or Medicaid qualifications.
Should you decide to create a trust, I will assist with key steps, such as drafting appropriate language and advising on the selection of a trustee, who will be legally responsible for carrying out the terms that are formalized within the trust document.
Thorough adviser offers counsel on trust administration tasks
Whether you’re serving as the trustee of a trust you created or acting on behalf of an instrument established by someone else, fulfilling your legal duties can be a challenge. Having handled a wide range of Florida trust and estate administration matters over the past three decades, my firm provides valuable insight on disputes that might arise over fiduciary duties, interpretation of ambiguous instructions and handling contingencies that might or might not be addressed by the trust. In every case, I strive to resolve issues promptly and efficiently to preserve trust assets. My firm is also able to serve as trustee for new or existing trusts.
Contact an experienced South Florida trusts lawyer to arrange a free consultation
Abby L. Steinberg, PA creates, administers and enforces trusts for clients in Broward, Miami-Dade and Palm Beach counties. To make an appointment for a free consultation regarding your circumstances and needs, please call 954-607-6802 or contact me online. My office is in Coral Springs.