The law of trusts and estates primarily involves the management of personal affairs and the disposition of a person’s property after he or she has died or become incapacitated. A “trust” is a legal concept whereby a grantor transfers legal ownership of property to a separate legal entity (a “Trust”) controlled by a trustee. Trust assets typically are managed for the benefit of one or more beneficiaries. An estate generally consists of the property that a person bequeaths to their heirs after his/her death, which usually involves a testamentary instrument such as a will.
Bowen Law Offices are committed to providing a personalized approach to developing a client’s estate plan. The experienced trust and estate attorneys at the firm can guide you in filing petitions for probate and in the appointment of trust administrators. At Bowen Law Offices we work with clients to evaluate discretionary issues on distribution of the trust assets, and to ensure that the assets of the trust are distributed accordingly. Our attorneys also can assist in the preparation of the final accounting, and minimize the taxes and expenses involved in trust administration.
Estate planning is the drafting and execution of legal documents such as Powers of Attorney, Wills and Trusts, and can be simple or complex. It is advisable to seek the advice and counsel of a competent trust and estates attorney when contemplating the creation of an estate plan. A comprehensive estate plan is vital and beneficial to a client’s overall financial plan, and it can reduce tax consequences and provide clear guidance to avoid any family disputes and prolonged probate court battles. The attorneys at Bowen Law Offices have in-depth knowledge of all aspects of estate planning, including wills and living trusts, irrevocable life insurance trusts, and children’s trust. We also handle issues related to Grantor Retained Annuity Trusts,
The attorneys at Bowen Law Offices have in-depth knowledge of all aspects of estate planning, including Wills, Living Trusts, irrevocable special needs Trusts, and children’s trust. We also handle issues related to Grantor Retained Annuity Trusts, charitable remainder Trusts, educational Trusts, family Trusts, personal residence Trusts, and other grantor retained interest Trusts.
If you have an estate- or trust-related question, contact Bowen Law Offices today to schedule an initial consultation.
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