Strategic Tax Advisers and Estate Planners

Trusts & Trust Funding

For many clients, a trust serves as the foundation for their entire estate plan. Trusts are effective tools for minimizing taxation, protecting assets from creditors, addressing family concerns about wealth-transfer, and detailing how to handle disability needs—now or in the future. Clients who have privacy concerns, need tax relief, or simply wish to avoid costly probate court administration of their estate often benefit from a revocable trust. Business owners and high net-worth individuals with more complex protection needs and philanthropic goals may require insurance trusts, gift trusts, charitable trusts or others.

Lawrence Kamin estate planning attorneys have a long-standing reputation for strength and compassion in this area. Our firm has advised thousands of clients for over 50 years on a wide spectrum of business and family issues relative to the accumulation, conservation and distribution of wealth. We listen to our clients to understand their unique circumstances and goals and to guide them through thoughtful planning. Then we develop a strategy that balances business and family needs with efficient tax results. Our attorneys have a deep understanding of the advantages and limitations of every kind of trust option available—from asset protection, business and tax savings trusts to QTIP/marital, generational skipping and descendant trusts—and we can structure the right trust to provide tax shelter, minimize litigation risk and avoid costly probate and trust administration.

The work of many estate planning professionals ends once the trust documents have been signed and notarized. At Lawrence Kamin, we recognize that preparing a trust is only the first step in ensuring that our clients’ wealth flows according to their wishes. Making sure that business and personal assets are titled to the proper trust and that all beneficiary designations are current before death is a critical and often overlooked step in proper estate planning. Our firm works hand-in-hand with clients and their other advisers to ensure the trust funding work is completed in a timely and appropriate manner to maximize the benefits of their trust.

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