Knowledgeable Trusts Attorneys Protect Your Wealth in Franklin, Brentwood & Columbia
Effective legal structures for retirement and inheritance planning in Spring Hill, Murfreesboro, Lawrenceburg and Pulaski, TN
A trust is a legal entity, like a corporation, which you create to hold assets rather than keeping them in your own name. Establishing a trust has many advantages. For instance, a trust can allow you to keep the use of property during your lifetime, and secure it for use by your children and grandchildren without incurring costly estate taxes. For more than 20 years, estate-planning attorneys at the Law Offices of Adrian H. Altshuler & Associates have helped middle Tennessee residents structure their wealth in a manner that minimizes their exposure to taxes and creditors. The reliable trust instruments we frequently use include:
Reliable estate planning lawyers use trusts in place of wills for secure inheritance of prized assets
Our estate administration lawyers understand that under many scenarios, using a trust to pass on an inheritance is better than a will. The simplest example is a life insurance policy. Benefits to your children from a life insurance policy are tax free, whereas assets that pass through a will are subject to estate and income tax. But taxation is not the only reason to form a trust for succession. Family compositions have changed a great deal over the last couple of decades. Women also have more high-level careers and personal wealth. This changes the dynamics of succession from what existed a generation ago. For instance, a blended family consisting of husband and wife who each have careers, personal wealth and children from their previous marriages, may be concerned with how the law would treat their biological children in matters of inheritance. A wife who dies first would pass all of her wealth to her husband. When the husband died, his children would receive everything. In this scenario, the wife’s biological children would inherit nothing from their mother. But the wife could have avoided this unfortunate outcome by structuring a trust for her own children. Estate planning lawyers at Altshuler & Associates construct trusts to suit your individual needs.
Contact a diligent trusts and wills lawyer who also serves Spring Hill, Murfreesboro, Lawrenceburg and Pulaski, TN today
The Law Offices of Altshuler & Associates provides trust services throughout central, Tennessee. We design wealth protection strategies that fit your unique family circumstances. Call us today at 615-656-3099 or use our convenient online form to schedule your free initial consultation.