Wills and Trusts Attorneys Atlanta
Georgia Wills and Trusts
At Vayman & Teitelbaum, P.C., our attorneys offer comprehensive estate planning services, including preparation of wills, trusts and other instruments tailored to meet clients' specific personal, business and family needs. Contact us in Alpharetta for additional information.
From Basic Estate Plans to Sophisticated Trust Solutions
Wills and trusts are the building blocks of estate planning. While the last will and testament specifies how assets are to be distributed after death, trusts often address more specific estate planning goals. In both simple and complex estate plans, a financial power of attorney, durable power of attorney and advance health care directive should be considered to address financial and health care issues during a period of disability.
Many families have specific objectives or concerns that require customized estate planning solutions. Examples of client concerns range from avoiding ancillary probate to avoiding probate entirely to business succession planning. Our attorneys present individuals and families with solutions to address these specific objectives. Some of the more common trust-based alternatives include:
- Revocable living trust combined with a pour-over will.
- Gifts and other asset transfers to meet Medicaid eligibility standards.
- Irrevocable life insurance trusts to avoid estate taxes.
- Family business formations.
- Special needs trusts to protect the financial security of disabled or vulnerable relatives.
- Charitable remainder trusts.
Other tools can be used to achieve additional estate planning objectives, such as the formation of a family limited partnership or LLC to protect the continuity of a business. We also work to resolve the estate planning issues faced by blended families and unmarried partners. Additionally, our lawyers work with clients who need to consider guardianship or conservatorship to secure the financial and personal well being of incapacitated relatives.
More affluent families should consider planning for the potential of estate tax liability. As tax laws change, our law firm can help you reap the benefits of new tax laws and avoid excessive taxes. Our estate planning lawyers can explain your asset protection options with respect to:
- Vacation homes
- Investment property
- Art collections
- Farmland
- Family business assets
For additional information about our firm's trusts and estates practice, contact an Atlanta estate planning attorney at Vayman & Teitelbaum, P.C.
