As a parent or spouse, your number one goal is to protect and provide for your family. And while it isn’t easy to think about, that means preparing for a situation where you aren’t with them anymore. But even if you have considerable assets to leave behind, providing for your loved ones can be difficult, especially when those assets are subject to heavy taxation. Unless you can find a way to preserve your wealth, there won’t be much left over for your family to use.
Trusts let you ensure that your wealth remains intact for your family. By organizing your assets in this way, you shield them from taxation and prevent them from being spent prematurely. In this way, you can leave behind a generous gift, ensuring that your loved ones have no trouble supporting themselves under even the worst circumstances. Mann & Kemp helps clients of all ages, backgrounds, and income levels protect their families with trusts.
Mann & Kemp strives to preserve your assets and support your family by any means necessary. Thus if you choose to organize your assets into a trust, we can:
Illuminate Your Options
When you first ask us about trusts, we explain to you all the benefits they offer given a certain contribution. We work with you to identify the right amount of wealth to put in a trust, so that your family has all they need but you don’t lose access to all assets in the present.
Plan for Taxes
One of the greatest benefits of trusts is that they reduce the amount of taxes your family must pay when inheriting your wealth. Our tax attorney team can maximize these benefits, leaving your family as much money as possible.
If you own a business and want it to stay in your family, you can use a trust to pass down shares of that business to your children. As with other assets, this can have significant tax benefits while ensuring that the company remains in the hands of your loved ones.
Our estate attorneys can help you draft a will that gives explicit instructions as to who will benefit from your trust. Not only does this help you enforce your desires for your money, but it minimizes the risk that a legal dispute will arise over the trust and divide your family.
Mann & Kemp is committed to protecting every cent you’ve earned, giving you and your family a strong financial foundation that can weather even the most challenging situations. For more information on trusts, estate services, and other legal options, contact us today.
Do you need to set up a Trust?
One of our experienced attorneys will be happy to speak with you.
Contact us today so we can talk.