Trusts and estates are an important legal tool for businesses looking to protect their assets, plan for succession, and minimize tax liabilities. At ATLAW, we are a trusted resource for businesses seeking guidance on trusts and estates. Our team of experienced attorneys has the expertise and resources to help businesses with all aspects of trusts and estates, including establishing, managing, and litigating these legal arrangements.
There are several types of trusts and estates that businesses can utilize to achieve their goals. Revocable trusts allow the trust creator (also known as the grantor or settlor) to make changes to the trust or dissolve it entirely. Irrevocable trusts, on the other hand, cannot be altered or dissolved by the grantor once they have been created. These trusts are often used for asset protection and tax planning purposes. Testamentary trusts are created through a will and take effect upon the grantor's death, while living trusts are created during the grantor's lifetime. Special needs trusts are designed to meet the specific needs of individuals with disabilities and can provide financial support without jeopardizing the individual's eligibility for government benefits.
Trusts and estates offer a number of benefits for businesses. Asset protection is one of the primary benefits, as trusts and estates can help shield assets from creditors, lawsuits, and other threats. Trusts and estates can also be used to plan for succession, ensuring that a business is passed down to the right people at the right time. This can help to minimize disruptions and ensure the continuity of the business. Finally, trusts and estates can be an effective tool for tax planning, allowing businesses to minimize their tax liabilities and maximize their wealth.
Establishing a trust or estate: We can guide you through the process and ensure that all necessary documents are properly executed and filed.
Managing a trust or estate: We can provide ongoing management and guidance to ensure that the arrangement is being administered properly.
Litigation & Disputes: That may arise in relation to trusts and estates, providing representation and guidance to businesses.
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