Wills and Trust Attorneys in Riverview, Florida
The Riverview Florida wills and trusts attorneys at The Reyes Firm can assist you with your estate planning needs. Modern estate planning often involves many moving parts. For example, families elect to use trusts to pass their wealth on to the next generation because these structures often allow their loved ones to avoid court, while also protecting privacy during a sensitive time. While a trust can sometimes offer tax benefits, a trust might not always be the best option for everyone. The wills and trust attorneys at The Reyes Firm can take the time to understand your unique needs and craft an estate plan that works for you.
If you plan to use a trust as part of your estate planning, you’ll still likely need to include a last will and testament because not all assets may necessarily be transferable through a trust. The wills and trust attorneys in Riverview, Florida at The Reyes Firm can help you determine which assets will be best placed in a trust and which assets would be best transferred through a will. Modern estate planning may also include other legal structures which can include advanced directives, powers of attorney, and other structures. If you have questions about the next steps if you need a trust or will, the wills and trust attorneys in Riverview, Florida at The Reyes Firm may be able to help.
How a Trust Attorney in Riverview, Florida Can Help
If you want to pass your assets to the next generation through a trust, a trust attorney in Riverview, Florida can help you find the right trust structure for your needs and assist you with establishing the best trust to protect your legacy and offer a tax-efficient solution for your given situation. There are many different types of trusts, each of which offers benefits for certain situations. Trusts can help your loved ones avoid the need to go to court, offer a more tax-efficient way to pass your assets on to the next generation, and offer added privacy, but a trust may not be appropriate for everyone. The Reyes Firm is a trust law firm in Riverview, Florida that may be able to assist you with finding the best estate planning solution for your needs, including selecting a trust structure. What kind of trust options might be available? Here are some options:
- Revocable Trust. While a revocable trust might not offer the same tax benefits of other trust options, a revocable trust allows you to continue to access its assets and change the terms of the trust as needed. With a revocable trust you can name a beneficiary who can access the trust should you pass away or become too ill to manage your finances.
- Irrevocable Trust. While you cannot change an irrevocable trust and cannot access the assets in the trust, an irrevocable allows you to pass on your assets to a beneficiary on your own terms in a potentially tax-efficient way.
- Special Needs Trust. If a loved one receives disability benefits, passing on your assets through a will could potentially put your loved one at risk of losing access to these benefits. A special needs trust allows your loved one to access his or her inheritance for specific needs while also preserving access to his or her benefits.
- Charitable Trust. If you plan to leave behind a legacy of charitable giving, a charitable trust is one way to ensure that your wishes are met and that your assets are used to benefit a charitable cause of your choice.
These are just some of the options that might be available to you if you are thinking of using a trust as part of your estate plan. The Reyes Firm is a trust law firm in Riverview, Florida that can help you select the trust that’s right for you. Contact our wills and trust lawyers in Riverview, Florida to learn more.
How a Will Lawyer in Riverview, Florida Can Help You
A trust is often just one aspect of a sound estate plan. Even if you establish a trust, you may still need a last will and testament to pass certain types of assets to the next generation. A will can help you do this. A will lawyer in Riverview, Florida at The Reyes Firm can take the time to understand your needs and craft a last will and testament that meets your specific needs. When it comes to crafting a will that can stand up to challenge in court, specificity is important. No one wants to think about having a contested will, but if your will is properly executed and written, you can protect your legacy and your family from difficulties during the transfer of your estate to the next generation.
The Reyes Firm is a will law firm in Riverview, Florida that can help you craft a will that can give you and your family the peace of mind you deserve. Contact a will lawyer today who can help walk you through the estate planning process. We work together with clients to help them find a suite of solutions that can work for them.