You spent your life building your capital, and you want to make sure you can manage it, and pass it along, in a manner that allows you and potential beneficiaries to preserve your wealth and mitigate possible tax issues. A trust will help you establish a long-term plan for your family and business, and it lets you direct asset administration to best serve your wishes.
Trusts are vehicles where you put your assets in, for the benefit of someone, but managed by someone else. They are most suited in second marriages, minors, or for giving to beneficiaries that have a disability and cannot manage their own affairs. In this way, they preserve legacies. A trust can also avoid probate taxes after death, and that could aid you in preserving your legacy.
Do you want to set up a trust that acts as an education or benefits fund for your descendents? A will and estate lawyer at Aion Law Partners can help you with that and any other trust arrangements.
If you are looking to develop a plan for your wealth that can help reduce your estate’s tax burden and let you guide its usage for generations, contact Aion Law Partners to talk with our will and estate lawyers.
Aion Law Partners can aid future owners in making sure that the condo they’re looking into meets all requirements, and could be a smart purchase option.